Long

Lingrid | BNBUSDT false Breakout of November Low. Long

market saw a price squeeze and subsequently dropped below the November low. However, the price also made a false breakout by taking liquidity below that level. Additionally, it broke and closed below the upward trendline that has been supporting the price since August. This breakout may indicate a sideways movement. I believe the price could establish a range zone, as we observed similar price action in this area last year, from September to November. I expect that the market will enter an accumulation phase around this zone, potentially followed by a bullish move. My mid-term goal is resistance zone around 700

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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Lingrid

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