$BNB MELTING: RSI ON THE FLOOR AND THE SUPPORT TURNED TO DUST! 📉🚀
Dad is in the pool with meat and beer, but the eagle eye doesn't blink! RSI at the bottom and I'm telling you the scenario. Check it out!
Hey, wise ones of Square! The sun is blazing here in Pernambuco, cold beer in hand and grilled meat just right, but do you think I'll take my eyes off the chart? Never! Rest is sacred, but profit pays for the barbecue!
BNB is making grown men bald. It melted, broke through 770 USDT like paper, and is struggling at 746.67. Down 7% today, cleaning out a lot of people's stops.
MY EAGLE EYE ON RSI 🦅
Pay attention to what I identified: my RSI (6) hit 12.87. This is complete selling exhaustion! The market is like an over-stressed spring. At some point, selling gets tiring and the price tends to bounce back technically to test the old support zone.
ARE YOU GOING TO BUY THE FALLING KNIFE?
Is it time to enter? With the EMAs pointing downwards, the downtrend prevails. Caution, because if the well has a basement, we're in trouble. But this RSI at 12 is my maximum alert. The whales wait for the volume to dry up to strike. I'm just here tracking their trail.
MY VIEW
I'm still relaxing, but tuned in. If BNB doesn't hold at 740, the hole is deeper. But if volume comes in with this exhausted RSI, the rebound could be quick.
Don't trade in desperation! Watch the volume and don't ignore the RSI when it screams. The market takes from the impatient and gives to those with strategy.
So, opportunity or does BNB drop more? Comment below because I'm watching!
