🔥 BNB Shock! Can the key defense line of $634 hold? The intentions of the main players have been revealed!
Last night, BNB fell from a high of $652, currently reported at $634.44, a decrease of 1.81%. The price has now broken below the two short-term moving averages, MA(7) and MA(25), approaching the 24h low of $633.44. If this position is lost, we will see MA(99) at $645 become a resistance level!
Interestingly, the trading volume has significantly decreased—VOL is only 876, far below MA(5) of 1568. A decline in volume is not a sell-off, it's a washout! The main players are waiting for retail investors to panic sell.
From the 4-hour level, this pullback is just a normal correction after the previous breakout. As long as $633 holds, it's a golden opportunity! Once stabilized, the rebound target is to first look at $645, and then $652 for the previous high.
My strategy: Buy in batches around $633, stop loss if it breaks below $630. Don’t get swayed by emotions; in a bull market, sharp drops are just free money!
At what position did you enter? Let's chat in the comments below👇
