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Is $BNB finally waking up or is this just another fake move to trap the late buyers?
We are looking at 638 right now and the chart shows a pretty clear recovery attempt after that massive dump from the 900s earlier this year. It looks like 570 was the bottom for this local move because we have bounced from there a few times now.
Resistance is sitting right around 700. We need a solid daily close above that level with decent volume to actually flip the trend. Right now it feels like we are just stuck in an accumulation zone.
Volume is okay but nothing crazy yet. I’m playing it safe and waiting for a cleaner breakout before jumping in heavy.
#GateBlueLobsters