LegionQ8

Binance Coin can fall to 235 support level

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that price a few time ago bounced from the 245 resistance level, which coincides with the seller zone, and declined below the 235 support level. But soon, BNB rebounded up and rose to 260 point, thereby breaking the 245 resistance level with the seller zone. Next, made a downward impulse and fell back below the resistance level and also entered the range. In the range, the price declined to the bottom part, which coincide with the 235 support level, and a not long time ago bounced up to the resistance level. As well BNB made a fake breakout of the resistance level and now it continues to trade in range. I think that Binance Coin can fall to the support level, which coincides with the bottom part of the range. For this case, I set up two targets, the first target at the 240 level and the second target at the 235 support level.Please share this idea with your friends and click Boost 🚀
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