5.9 Morning BNB, SOL Analysis



From the four-hour chart, BNB's Bollinger Bands are showing a downward opening pattern, with the price consistently under pressure, trading below the middle band of the Bollinger, maintaining a low-range oscillation pattern. Each rebound encounters selling pressure from the bears and falls back again. The moving averages are generally in a bearish alignment, continuously suppressing the price; the KDJ indicator forms a death cross at high levels and then declines steadily, with bearish momentum continuously expanding and fermenting. The overall downtrend has been established, and the trading strategy is to follow the trend and short on rallies.

Trading Suggestions
BNB: Short around 655-660, targeting 648-635
SOL: Short around 93.5-94.5, targeting 92-88
$BTC $BNB $SOL
#Gate广场五月交易分享 #BTC重返8万
BTC0.83%
BNB2.18%
SOL6.4%
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