BNB Short with no target

hello friends, so I'm still waiting for BNB around 150 usd, how are you doing?

Comment:

The value of the cryptocurrency BNB (Binance Coin) seems to be on a decline, and there are several factors that could contribute to this situation. On the hourly chart, an interesting scenario has unfolded where the RSI (Relative Strength Index) crossed the value of 50 three times in a row. This situation suggests that the market might have reached a certain overbought condition and could now be entering a corrective phase.

Furthermore, a specific bearish divergence has been observed. Bearish divergence occurs when the price of a cryptocurrency is rising while relevant technical indicators like RSI, MACD, or oscillators start to decline or remain stable. This could indicate that an excessive price has been established and the market might be prone to subsequent downward movement.

It appears that investors might start taking profits after the price of BNB has surged to a certain level. This profit-taking tendency could generate selling pressure and a subsequent price drop. Moreover, if a bearish divergence has been noted, technical traders may interpret this situation as a signal to sell.

It's also important to consider the broader context of the cryptocurrency market and overall sentiment. If there's prevailing nervousness or concerns regarding regulation, security, or other factors, investors might prefer selling and moving to more stable assets.

This is the reason why I expected a decline, or a fall

Comment:

I just hope someone made at least a dollar on it