Binance Coin just about hangs on to $305- but this could change
Weekend could see reduced volatility and Monday could set the direction for the coming week. With that in mind, the market structure of BNB is bearish
H12 bullish order block at $300-$310 saw a strong reaction in early April, but each retest had a weaker bounce. When this zone is eventually shifted to a bearish breaker, a retest can offer a shorting opportunity.
Entry: $309 (after a session close below $300)
Take-profit: $289.9 (23.6% extension level)
Stop-loss: $317.8 (resistance, and a move above will break structure to bullish)
R:R- 2.28
H12 bullish order block at $300-$310 saw a strong reaction in early April, but each retest had a weaker bounce. When this zone is eventually shifted to a bearish breaker, a retest can offer a shorting opportunity.
Entry: $309 (after a session close below $300)
Take-profit: $289.9 (23.6% extension level)
Stop-loss: $317.8 (resistance, and a move above will break structure to bullish)
R:R- 2.28