Although we are in an upward channel, the foundation of the trend has already weakened, and the bullish momentum is gradually drying up, making the signals of upward weakness increasingly apparent. Short-term market pullback pressure is intensifying, and the probability of a downward movement is significantly rising. At this time, recklessly going long carries a high risk, and one should not enter the market carelessly. The main line of intra-day operations is clear, focusing on bearish layouts, closely monitoring the pullback window, and seizing trading opportunities that align with the trend.
BNB suggests to consolidate around 896 and 898, with targets at 893 and 883.
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11.28 BNB idea
Although we are in an upward channel, the foundation of the trend has already weakened, and the bullish momentum is gradually drying up, making the signals of upward weakness increasingly apparent. Short-term market pullback pressure is intensifying, and the probability of a downward movement is significantly rising. At this time, recklessly going long carries a high risk, and one should not enter the market carelessly. The main line of intra-day operations is clear, focusing on bearish layouts, closely monitoring the pullback window, and seizing trading opportunities that align with the trend.
BNB suggests to consolidate around 896 and 898, with targets at 893 and 883.