$BNB
Momentum Reversal Setup
Pair: BNBUSDT
Timeframe: 1H
Current Price: 724.95
Trade Idea
The chart shows a sharp rejection from the 740-745 resistance zone followed by a strong bearish candle. However, buyers immediately stepped in around 718-720 and printed a bullish recovery candle.
Entry Zone: 722 – 726
Targets:
TP1: 730
TP2: 740
TP3: 750
Stop Loss: 717
Technical View
✅ Uptrend structure remains intact (higher highs and higher lows)
✅ Strong demand zone around 718-720
✅ Bullish reaction after a liquidity sweep below support
✅ Volume suggests buyers defending the retracement
Invalidation
❌ A 1H candle close below 717 would weaken the bullish setup and could open the door toward 710-705.
Bias: Bullish while above 717. A break back above 730 would likely attract momentum buyers targeting the previous high near 745 and potentially 750+. 📈🔥