Will a sudden drop take down BNB? 🚨 Greed opens the doors to danger!
The price is currently trading at around $690 within an ascending channel, supported by the 50-day exponential moving average, with the RSI indicator above 50, which reinforces the likelihood of continued upward movement. But! The Stochastic indicator has started sending warnings after a buying saturation that could lead to a correction.
🚧 Critical points:
⚡️ Strong support at ~ $680
⚡️ Resistance between $685 and $727
⚠️ Are you waiting for a breakthrough of the resistance to head towards $727? Or do the markets hide a sudden drop that will terrify traders?
📈 Forecasts are mixed between continuing the rise and a retreat, placing investors in a precarious position between greed and fear.
❓ What will you do? Will you risk greed or protect yourself by exiting? Share your opinion with me!
