After the $386 level is created, the price very often successfully tests both support and resistance – a mirror level is formed.

Locally, an extending wedge was formed and after testing the lower boundary, the price successfully bounced off it and now returns to the mirror level.

The closest target for long positions on BNB is $400-$410 resistance zone with high volume . Also, $400 acts as an important psychological level that most traders pay attention to and will close their long positions.

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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.