A bearish case for BNB
We see a greater downside potential on BNB than in BTC.
BNB has fallen less from its ATH.
BNB has extremely less volume to sustain its current price levels
BNB has to fall twice the same percentage (square of the fall) approximately in order to match corresponding level of BTC in the chart
BNB has way less demand (thus, price support) than BTC
Hence, it looks to us that the eventual payoff of a BNB short is bigger than a corresponding BTC short.
Best regards.
BNB has fallen less from its ATH.
BNB has extremely less volume to sustain its current price levels
BNB has to fall twice the same percentage (square of the fall) approximately in order to match corresponding level of BTC in the chart
BNB has way less demand (thus, price support) than BTC
Hence, it looks to us that the eventual payoff of a BNB short is bigger than a corresponding BTC short.
Best regards.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.