๐ Context (4H โ $BNB /USDT)

Previously: downtrend (downward channel) โ broken out lower and then reversed
Now: clear uptrend (ascending channel)
Structure: higher lows + higher highs = bullish pattern
๐ What is bullish?
Breakout from the downward channel
Key moment โ โโtrend change
Retest and defense ~594โ600
Very nice demand level
Upward impulse + momentum
Last candle: strong, breakout
RSI ~70
Strong trend (not an immediate signal to short)
Stoch RSI bounces from below
Continuation of the move is possible
๐ Key levels
๐ข Resistance:
641.9 โ current local resistance (being tested now)
662.7 โ main target (previous zone) supply)
๐ด Support:
611.7 โ first support (local structure)
594.8 โ strong support (key level)
566.6 โ last line of defense of the trend
๐ Scenarios
๐ข SCENARIO 1 โ continuation (more likely)
If:
4H candle closes above 642
Then:
we are heading towards 662โ670
๐ classic breakout + continuation
๐ก SCENARIO 2 โ correction (healthy)
If:
rejection of 640โ642
Then:
pullback to:
611 (ideal buy the dip)
max 595 (deep pullback)
๐ still bullish, only momentum reset
๐ด SCENARIO 3 โ weakness (little for now) (likely)
If:
a drop below 594
Then:
a possible return to 566
the structure is starting to break down
๐ง Conclusions (most important)
Trend = UP
Momentum = strong
We are at resistance โ market decision now
๐ Don't short strength
๐ Look for:
a long breakout >642
or a long pullback ~610 / ~595
