After the Russian Dip, Binance coin took support at 335$ and price started rising quickly and in just a couple days it made a new Daily High at 375$, which is apparently acting as a psychological Resistance Area.
The zone has already been tested multiple times but whenever price tries to break it, new sellers enter and price fails to make new highs, that's why we see long upper wicks which indicates selling pressure.
I believe that Binance will eventually break that Resistance and after that we might see new weekly and monthly highs.
Happy Trading!!!
The zone has already been tested multiple times but whenever price tries to break it, new sellers enter and price fails to make new highs, that's why we see long upper wicks which indicates selling pressure.
I believe that Binance will eventually break that Resistance and after that we might see new weekly and monthly highs.
Happy Trading!!!
