The market is correcting; in fact, the pullback of BNB is relatively not that large, and the rebound is quite rapid. Overall performance is still quite strong. Quality assets are still the golden shovel.
Currently at the lower edge of the previous range's oscillation on a smaller scale, testing is underway. It is important to note that the rebound is gradually decreasing in volume; observe the price performance near the lower edge of the range. If it successfully recovers, the market will continue to push upwards. Otherwise, we will wait near the trendline on a larger scale.
Several positions that need attention
Support position
First position 673-675 (already tested once)
Second position 642.22
Third position 622.9
Resistance position
First position 703-705
Second position 711-717
Third position 729.81
Trading emphasizes following the trend; follow the big and resist the small. When a trend comes, take the opportunity to ride the wave; be flexible when the trend reverses, as resisting the trend is like an ant trying to stop a car, disrupting your mindset and trading rhythm.
As the US stock market fluctuates at night, if there is too much volatility, friends must remember to take profits frequently and decisively cut losses; holding onto positions has no meaning.
If you have any interpretations of the market for other cryptocurrencies or trading-related questions, please feel free to leave a comment.
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Wishing you smooth trading. Thank you!
