To be honest, this BNB pullback has been a bit harsh, but there's clear support showing on the 2-hour chart. The price bounced back up from around 545 and is now trying to regain its footing. If it can hold above 560, the bullish structure will likely stay intact. However, there's considerable resistance above, with 575 being the first hurdle.
If we can break through with some volume, then hitting 590 and 605 is definitely on the table. But the issue is, if it can't push up, we might see it come back down for a retest. So, I'm setting my entry zone between 560-565, with a stop loss at 545, which seems like a reasonable risk-reward ratio. The battle between bulls and bears is pretty intense at this level.
Personally, I'm leaning towards a continuation of the rebound, especially since the momentum from the support level is looking good. But do tread carefully—don't go too heavy, set your stop loss, and wait for the market to show its hand. Strategy:
Entry Price: 0.105-0.112
Stop Loss: 0.098
TP1: 0.0158,
TP2: 0.0150,
TP3: 0.0140,
#BNB #多头信号 #TechnicalAnalysis
If we can break through with some volume, then hitting 590 and 605 is definitely on the table. But the issue is, if it can't push up, we might see it come back down for a retest. So, I'm setting my entry zone between 560-565, with a stop loss at 545, which seems like a reasonable risk-reward ratio. The battle between bulls and bears is pretty intense at this level.
Personally, I'm leaning towards a continuation of the rebound, especially since the momentum from the support level is looking good. But do tread carefully—don't go too heavy, set your stop loss, and wait for the market to show its hand. Strategy:
Entry Price: 0.105-0.112
Stop Loss: 0.098
TP1: 0.0158,
TP2: 0.0150,
TP3: 0.0140,
#BNB #多头信号 #TechnicalAnalysis