Price $BNB is narrowing the range near the lowest level, setting the stage for a potential bounce from demand
The 4-hour structure shows accumulation after a sell-off, with multiple rejections below the $840 level indicating a depletion of selling pressure; the price is moving sideways and accumulating near the previous resistance zone, supporting buying in reaction above the support level.
๐ฏ Entry zone: LONG 835 โ 850
TP1 875, TP2 905, TP3 955
๐ Stop loss 815
Short-term volatility is expected, but if it holds above the resistance zone, it will open up opportunities for a reversal towards the highest level in the range.
Trade BNB on Binance๐
BNBUSDT
Perp
913.09
+1.44%