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You might want to check the order book on $BNB before making your next move.
We’re sitting at 634.85 on daily, and it’s looking a bit heavy. We had a solid recovery from that 570 dip, but the price is now struggling to clear the resistance around 646. Those upper wicks on the last couple of candles show that sellers are definitely stepping in every time we try to push higher.
If we can’t hold the 630 level, I’m looking at a slide back down to 616 to find some liquidity. Volume is decent at 105k BNB, but it’s not exactly screaming "breakout" yet.
The most concerning thing right now is the order book. It's showing 75% sell pressure compared to only 24% on the bid side. That’s a lot of supply sitting right above us.
I’m staying cautious here. I want to see a clean close above 650 before I get excited. For now, it feels like we might need to cool off a bit more.
Stay safe and watch the levels.
#WCTCTradingChallengeShare8MUSDT