BNB 15min resistance under attack?
2025-01-30
Category: None

The Highest Volume Bar (HVB) in the 15min chart was printed 112 periods ago. The graph shows the working boxes from we can see the most extreme points detailed in the price bar using white (around 720 and 640). The lines and represent the expected liquidation levels for positions placed at HVB. The green lines represent the 20x levels for both sides. According to the highlighted prices the accumulation range extends from 665 to 611 approx. At the same time, the distribution range is located between 692 & 747. I can see how the price went below the first  liquidation level (100x) at 665. From there, the current movement is getting trouble to breakup the HVB line, which I'm guessing might act as a resistance. Let us think about a rejection from there could drive the price to the next liquidation level to visit around 652.  Using higher timeframes and the levels highlights here traders might be able to determine possible trades or pivot points. This is what I have in mind... 
