The key is whether it can rise above 691.77

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(BNBUSDT 1D chart)

The key is whether it can rise above the previous ATH point of 691.77 and maintain the price.

Currently, I think the OBV indicator is showing an increase with trading volume as it rises above the High Line.

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If it fails to rise, we should check whether the price can be maintained above the M-Signal indicator on the 1D chart.

If it falls below the HA-High indicator point of 654.90, it will eventually fall below the M-Signal indicator on the 1D chart, so it is likely to turn into a short-term decline, so caution is required when trading.

If it continues to fall further, it is expected to determine the trend again when it meets the M-Signal indicator on the 1W chart.

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If it rises above 691.77 and maintains the price, it seems likely to renew the ATH.

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The basic trading strategy is to buy near the HA-Low indicator and sell near the HA-High indicator.

However, if it is supported and rises on the HA-High indicator, it is likely to show a stepwise rise, and if it is resisted and falls on the HA-Low indicator, it is likely to show a stepwise fall.

Therefore, the basic trading method should be a split trading method.

You should establish a basic trading strategy that suits your investment style.

Otherwise, you may trade in the wrong direction due to subjective thoughts caused by price volatility.

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Thank you for reading to the end.
I hope you have a successful trade.

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- ​​This is an explanation of the big picture.

(3-year bull market, 1-year bear market pattern)

I will explain more details when the bear market starts.

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