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$BNB is playing games right at the most annoying level possible.
We finally crawled our way back up to 669, but that rejection near 686 shows there’s still some heavy selling pressure sitting up there. It’s like the bulls want to run but keep hitting a glass ceiling.
Looking at the daily, we’ve been making these slow, grinding higher lows since that 570 dip. It’s a healthy recovery, but today's red candle shows a bit of exhaustion. The volume isn't exactly screaming "breakout" just yet.
If we can't hold 660 as support, I wouldn't be surprised to see a quick sweep back down to 620 to pick up more orders. But if we flip 686 into support, things are going to get very interesting very fast.
#USStartsStrategicOilReserveRelease