Analysis $BNB /USDT | 4 Hour Frame
BNB bounced from 570.31 after a strong drop, but the current movement is still a corrective bounce and not a confirmed bullish reversal.
Direction: Neutral leaning towards corrective upward
Reason: Buyers defended the low, and momentum is gradually improving, but the price is still under significant resistance and has not confirmed the breakout yet.
Important levels:
• Support: 581.20 / 570.30
• Resistance: 590.30 / 594.70 / 598.80
Clean trade:
Buying only becomes clean after confirming a breakout above 590.30.
Trade idea:
• Entry: 590.50 – 592.00
• Stop loss: 584.80
• Target 1: 594.70
• Target 2: 598.80
• Target 3: 603.50
$BNB
Cancel the idea:
If the price fails to hold above 590.30 or returns to break 581.20, it weakens the bounce and suggests a return to lower areas.
Executive decision:
Waiting for confirmation
The current movement is good as a bounce, but the clean trade is not completed yet.
#صفقات
BNB bounced from 570.31 after a strong drop, but the current movement is still a corrective bounce and not a confirmed bullish reversal.
Direction: Neutral leaning towards corrective upward
Reason: Buyers defended the low, and momentum is gradually improving, but the price is still under significant resistance and has not confirmed the breakout yet.
Important levels:
• Support: 581.20 / 570.30
• Resistance: 590.30 / 594.70 / 598.80
Clean trade:
Buying only becomes clean after confirming a breakout above 590.30.
Trade idea:
• Entry: 590.50 – 592.00
• Stop loss: 584.80
• Target 1: 594.70
• Target 2: 598.80
• Target 3: 603.50
$BNB
Cancel the idea:
If the price fails to hold above 590.30 or returns to break 581.20, it weakens the bounce and suggests a return to lower areas.
Executive decision:
Waiting for confirmation
The current movement is good as a bounce, but the clean trade is not completed yet.
#صفقات