BNB idea—on this long-term move, I’m seeing 600.



After declining continuously from the high of 690, the overall market is in a downtrend dominated by bears; the moving averages are arranged in a downward divergence, and the short-term bearish trend has not reversed. Don’t chase longs on rebounds; short while following the trend under resistance. When it stabilizes, then look to go long—if it breaks down, use strict stop-loss. Don’t blindly bottom-fish in a downtrend.

It’s recommended to short on a rebound if resistance holds in the 646–648 range and it doesn’t break above; take a light position to short in line with the trend. The targets are 636→634. If it breaks below 634, then be cautious and avoid going long—wait for further confirmation.
BNB2.45%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
MoMo'er
· 23h ago
BNB idea: for the long-term wave, I’m seeing 600.

From the 690 high point, it has been trending downward continuously. Overall, the market is in a bearish-dominated downtrend, with moving averages fanning out downward; the short-term bearish trend has not reversed. Don’t chase longs on rebounds—go short in line with the pressure. Go long again only after it stabilizes; on a breakdown, follow strict stop-loss rules. Don’t blindly bottom-fish in a downtrend.

It’s recommended that on a rebound facing resistance, if it does not break above the 646–648 range, you may short with a light position, targeting 636→634. If it breaks below 634, go long only after confirming stabilization.
View OriginalReply0
  • Pinned