BNB/USD Downside? 10 Jan 2022

BNB (Binance Coin) is trending to the downside currently. Price has pulled into resistance at structure and the 50 hour moving average. I’m looking for downside from the current market price, targeting the 390 dollar mark. My stop is place conservatively above the previous highs, at 460.

Violated above: 460

Downside Target: 390

BNB/USD 1H Chart, 10 January 2022

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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