Technical map—RSI and moving averages
RSI prints oversold territory, hinting at bounce potential, but signals need structure. Watch for a reclaim of the 200-day MA near 86,200 and acceptance above last week’s breakdown area. Momentum traders can look for a 1-2-3 reversal pattern: low, higher low, and breakout over the interim high with rising volume. If price fails, the next support cluster sits near 85,000; a clean sweep and quick reclaim would be your tell for mean reversion. Keep stops honest and targets modest until trend clarity returns.
Focus: Oversold signals with structure
Action: Wait for 1-2-3 confirmation
Risk: Tight stops, partial profits
$BNB #BybitTA #RSISignals #MA200 #123Pattern #PrecisionTrading