BNB/USDT nearing 22 day ema. Time to long??

BNB is on a downtrend after reaching 25.4 usd and nearing 22 ema on a daily chart which has been a deciding factor for higher low historically since beginning of the uptrend at 5 usd. I will look for long in the 22.5 to 23.5 range if these happens -
1) If there is significant buying pressure at 20.5-21.5(when it bounces on the 22 day ema) or
2) If bnb doesn't touch 22 ema and maintains above 22.5 in the next 2 days
please comment your views

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Bnb is tightly packed on the 4 hourly chart with extremely low margins. It means a breakout is imminent. possible outcomes are described in the chart.

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entered the trade at 22.8

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Stop loss at 19

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Closely observing this possibility.Currently feet on the ground and fingers crossed!!!

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Currently bnb is retesting the resistance area.

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So far everything looks good. Patience my friends. Cheers!!!

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BNBUSDT - A false breakout would have reversed already.

karthiksai

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