Technical analysis by arthurgcar about Symbol BNB: Sell recommendation (8/19/2023)

This is currently my biggest position in the market. Betting big on BNB's decline. Have been monitoring this pair for over a year now, and it's been stuck in this range between $200-400. As soon as the $200 support level is broken, you can see there is no clear support until $45. That is a massive 75% gap in between both support zones. BNB has just broken down from a bear pennant, and the first target is approximately $155 USD. My full entry, targets and SL are listed below: ENTRY: $235SL: $245Target 1: $155 Target 2: $130Target 3: $45Good luck and trade safe!