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BNB has recently faced a cooling-off period on the technical front. From the chart, this level clearly represents a resistance point, and it seems a bit difficult for the bulls to break through upwards.
My idea is to try shorting around 0.27. If the market cooperates, a dip to the 0.2 range is possible. To be honest, the current pattern is still somewhat ambiguous, but the opportunity for a bearish move is indeed emerging.
Do you think this wave can break out? Will it oscillate around this resistance level for a while? Or will it directly break below the support? I'm a bit uncertain about the rhythm right now. $BNB