Mercury Investment
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MARKET UPDATE: $BNB
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$BNB on the 4H timeframe is trading around $625, reacting directly at the descending resistance trendline that has capped price since the $670 highs. We are still inside this broader compression between $575 support and $630–$640 resistance, and this zone will decide the next expansion.
A clean break and hold above $640 would invalidate the short-term lower high structure and open room toward $660–$670. However, rejection here keeps BNB range-bound and could send price back toward $600 and potentially $575.
This is a decision area. Expansion is coming, direction depends on this trendline.
➖➖➖➖➖➖➖
#MarketRebound
➖➖➖➖➖➖➖
$BNB on the 4H timeframe is trading around $625, reacting directly at the descending resistance trendline that has capped price since the $670 highs. We are still inside this broader compression between $575 support and $630–$640 resistance, and this zone will decide the next expansion.
A clean break and hold above $640 would invalidate the short-term lower high structure and open room toward $660–$670. However, rejection here keeps BNB range-bound and could send price back toward $600 and potentially $575.
This is a decision area. Expansion is coming, direction depends on this trendline.
➖➖➖➖➖➖➖
#MarketRebound
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