$BNB Short-Term TA: Clean S/R Flip!
Looking at the $BNB 5-minute chart, and we've got a classic bullish setup.
We just saw a clean Support/Resistance flip at the 926.45 level.
Price broke through the old resistance.
It came back for a retest.
Support held strong!
Price is now trading above this level, which is a bullish sign for the short term.
What to watch:
Upside: The 24-hour high around 934.04 looks like the next logical target.
Invalidation: This bullish setup is invalid if we lose this new support and break back down below 926.45.
What are your targets for #BNB? Let me know in the comments!
#BNBUSDT #TechnicalAnalysis #DayTrading #Crypto #Binance
Looking at the $BNB 5-minute chart, and we've got a classic bullish setup.
We just saw a clean Support/Resistance flip at the 926.45 level.
Price broke through the old resistance.
It came back for a retest.
Support held strong!
Price is now trading above this level, which is a bullish sign for the short term.
What to watch:
Upside: The 24-hour high around 934.04 looks like the next logical target.
Invalidation: This bullish setup is invalid if we lose this new support and break back down below 926.45.
What are your targets for #BNB? Let me know in the comments!
#BNBUSDT #TechnicalAnalysis #DayTrading #Crypto #Binance