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Everyone is looking at the drop but they’re missing what’s happening right now at this specific level.
$BNB just put in a solid recovery candle from that $570 zone. That area was a must hold and the buyers actually showed up to defend it. We're sitting at $606 now and trying to turn this psychological level back into a floor.
If you check the recent candles we’ve got three green days in a row. It’s not massive volume yet but it's steady. The next real headache for the bulls is the $616 resistance. If we can't break that we might just chop around or head back down to test the $590 support again.
I’m watching for a clean daily close above $610 before I get too excited about a push back toward $640. The market is still a bit indecisive so don't get caught in the mid range trap.
Keeping a close eye on the order book today. Patience is the only thing paying the bills right now.
#GateSquareAprilPostingChallenge