Binance Coin / TetherUS
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๐Ÿ”ฅ BNB Bearish Triangle Break-Out

BNB has been overbought for quite a while now. Since it has reached $350, BNB has practically only seen bearish action. During this phase of consolidation, BNB has produced a nice bearish triangle. We're going to trade a break-out of the triangle's most extreme level.

Before entering this trade wait for the price to close below the Entry line. Higher time frames yield a higher predictive power.

On the chart Iโ€™ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.

Happy trading!

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