Market Analysis of BNBUSDT on Wednesday 23 OCTOBER 2024

2024-10-23 12:32Source:BtcDana

BNBUSDT TECHNICAL ANALYSIS SHORT TERM VIEW

BNBUSDT running in negative trend and its immediate strong resistance are 594 to 597 level .  Stop loss is 609 level and it can fall towards 587 level minimum because of irregular correction  made on 5 minute chart at level of 587 .Intraday purpose selling is better for targets 587,584 and 580 levels respectively with stop loss 609 level. Intraday stop loss is 600 level .


QUICK FUNDAMENTAL LOOK                                                                    


BNB has faced a significant rejection at a critical resistance level, raising concerns among traders about a potential price correction. After an impressive rally, the momentum has faltered, leaving the cryptocurrency at a crossroads.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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