$BNB
BNB/USDT (Binance Perpetual) - 1H Chart Analysis
๐ Current Price: $626.66
๐ผ High: $644.67
๐ฝ Low: $595.21
๐ Key Observations:
Trend: Uptrend with a pullback
Moving Averages:
MA(7): $628.43 (Short-term resistance)
MA(25): $630.06 (Medium-term resistance)
MA(99): $628.55 (Long-term resistance/support)
Volume: High selling volume recently, indicating potential further downside.
๐ Hourly Trading Signal
๐ป Bearish Scenario (Short Setup)
Entry: Below $624 (Breakdown confirmation)
TP1: $615
TP2: $605
SL: Above $630
Confirmation: Break below MA(99) with increased selling volume.
๐ข Bullish Scenario (Long Setup)
Entry: Above $630 (Reclaiming MA levels)
TP1: $640
TP2: $650
SL: Below $624
Confirmation: Price holding above MA(7) and MA(25) with rising volume.
โ ๏ธ Final Thoughts
โ
BNB is in a consolidation phase, with a recent pullback after a strong rally.
๐ Break above $630 could push it to $640, while a drop below $624 signals further decline.
๐ Watch volume and price action closely for confirmation!
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