I envision a target for BNB at the marked spot, but it would be better suited to the bottom of the support.
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BNB is slowly trickling down.
After picking up liquidity below the June low, it can rebound upwards and subsequently crash sharply.
After picking up liquidity below the June low, it can rebound upwards and subsequently crash sharply.
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BNB is breaking out of its rising channel that it held since 2017. I expect very bad news for Binance soon.
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They will likely liquidate short positions before the move down as many people are already warning of a dip, so it will be easy for market makers to take money out of short positions first.