BNB to see price rejection at recent lower high
Price action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off.
The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March.
A close above the lower high ($336) will be an invalidation.
Entry: $331.5 (FVG’s lower boundary)
Target: $320 (support zone’s upper boundary)
Stop-loss: $336 (lower high on 1 & 2 May)
RR (Risk-Reward): 2.5
The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March.
A close above the lower high ($336) will be an invalidation.
Entry: $331.5 (FVG’s lower boundary)
Target: $320 (support zone’s upper boundary)
Stop-loss: $336 (lower high on 1 & 2 May)
RR (Risk-Reward): 2.5