The BNB/USDT pair seems to be losing strength and the price might fall even lower. We are getting some bearish signals for this pair and, the best play here is to wait for a better buy opportunity on a lower support level.
- We have a rejection from the resistance levels
- We have a breakout of the uptrend line and a retest of the breakout
- The ROC oscillator is at zero and it looks is going lower meaning the momentum is in favor for the sellers
- The OBV oscillator is showing that the money is getting out of the market
I will be careful if you are willing to short it on futures because of the 1h time frame the price could change any moment if the price of BTC will make a big move up.
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