The way $BNB just ignored that dip is actually wild.
Everyone was panicking when we hit that $577 low, but look at it now. We just cleared $630 like it was nothing. The 1h chart is showing a vertical recovery, but we just hit a bit of a wall at the $640 high. There is a small rejection candle forming right at $633. If we don't break that $640 resistance in the next few hours, I’m expecting a cool-off back toward $615 to build some actual support. You can’t just go straight up forever without paying the price later. Volume is staying solid, but the verticality makes me a bit nervous for a local top. If you’re not already in, wait for a retest of the $610 to $615 zone before jumping in.
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The way $BNB just ignored that dip is actually wild.
Everyone was panicking when we hit that $577 low, but look at it now. We just cleared $630 like it was nothing. The 1h chart is showing a vertical recovery, but we just hit a bit of a wall at the $640 high.
There is a small rejection candle forming right at $633. If we don't break that $640 resistance in the next few hours, I’m expecting a cool-off back toward $615 to build some actual support. You can’t just go straight up forever without paying the price later.
Volume is staying solid, but the verticality makes me a bit nervous for a local top. If you’re not already in, wait for a retest of the $610 to $615 zone before jumping in.
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