This #BNB coin one-hour K-line chart is really boring to watch
The opening price was $670.09, the closing price was $668.68, the highest peaked at $671.70 and then dropped, the lowest fell to $667.84, and the price barely moved. Trading volume was 8627, estimated trading volume was 10997, five-day average volume was 7705, ten-day average volume was 10815, clearly increased volume, indicating that both buyers and sellers are trading.
MA7 line is $671.62, MA30 line is $679.18, the price is just swaying along the moving averages, short-term trend is downward. EMA7 line is $671.58, EMA30 line is $677.31, short-term moving average is below the long-term moving average, short-term downward momentum is obvious.
MACD is directly -0.80, both DIF and DEA are underwater, bears are dominant. KDJ indicator is even worse, K line 31.72, D line 33.48, J line 28.19, all in the oversold zone, theoretically it should rebound, but without volume support it just won't work.
I see this BNB coin is going to drop further, those with heavy positions should withdraw quickly, and those looking to buy the dip should wait for a volume breakout, don't go against the trend, preserving capital is the most important.
I usually share some cutting-edge information and practical strategies, feel free to come and discuss ideas, let's seize this great opportunity together!
