With BTC just below the $30.2k level at press time, Binance Coin buyers can wait and see if the demand is strong enough to breakout.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Resistance levels to the north could offer a good bullish target, but the idea hinges on Bitcoin continuing its upward trajectory.
rally could spark a BNB breakout past $250, but it was the $265 resistance that was the more critical level to watch.Source: BNB/USDT on TradingView The market structure flipped bullishly when the token made a higher high on 6 August on the price chart. A revisit to the bullish order block at $240 or the trendline support could offer a buying opportunity with a tight stop-loss. The idea would be invalid if BNB slipped below the $238.4 level, a local low from 3 August.
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