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Wait until you see what just happened on the $BNB chart because this setup is getting interesting.
We were basically falling off a cliff earlier today when we hit that $592 low, but the recovery has been surprisingly fast. Right now we are sitting at $614.80 and it looks like it’s struggling to break past that recent $619 high.
There is a massive wall of sellers in the order book right now with over 71% on the ask side. That tells me this bounce might be running out of gas. If we can't flip $620 into support soon, we’re probably heading back down to test $603 or even $597 again.
The volume is decent but those red wicks at the top are a warning sign. I’m not jumping in here yet until I see if the buyers can actually absorb all that selling pressure.
#GateSquare$50KRedPacketGiveaway