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$BNB is playing a dangerous game around this 622 level.
The daily chart shows we’ve been chopping around quite a bit since that drop from 687. We finally saw a bounce off the 570 support area, and now we're grinding back up, but the momentum feels a bit heavy.
The price is currently sitting at 622.62. Look at the order book though. Over 70% of the pressure is on the buy side right now. That’s a lot of people betting on a breakout, but if we can't flip 640 into solid support, all those late longs might get squeezed.
I’m watching the 641 resistance closely. If we break that with high volume, 667 is the next stop. Otherwise, I wouldn't be surprised to see one more retest of the 590 zone before any real moon mission.
Patience is key here. I'm staying neutral until I see how we react to the 630-640 range. Anyone else feeling like a fake-out is coming?
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