Hello Traders!

After retracement, BNB found support near $361 and began to consolidate in a narrow range of $361 – $404.

Momentum of sellers is gradually decreasing, and the trigger for the exit from the consolidation is a break-down of $430 level near which there is MA100 on the daily timeframe .

Short-term purchases can be considered in the range of $404 – $430. Closing the deal by a stop-loss should be reasonable if the price leaves under the price level of $332

The targets are the price levels of $563, $600, $652

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice