📊 Chart Summary
Current Price: $699.59
24h High: $707.08
24h Low: $682.67
Recent Trend: Strong upward movement with subsequent downward correction.
Active Moving Averages:
MA(7) ≈ 700.12 (yellow)
MA(25) ≈ 697.86 (pink)
MA(99) ≈ 694.79 (purple)
🔍 Key Observations
Strong upward momentum from $691 to the peak of $707.08.
This movement was accompanied by increasing volume (positive for a breakout).
Currently in a pullback after the high at $707.
The candles are below the MA(7) (indicating short-term weakness).
The MA(25) is acting as a dynamic support near $697.86.
Recent Support Zone: Around $697 - $698
Matches with MA(25) and the closing price of several previous candles.
There is also a volume consolidation in that area.
Immediate Resistance Zone:
$700.12 (MA(7))
$704 - $707 (recent high zone)
🧠 Suggested Strategy for the Next Hour
🟢 Buy Opportunity (LONG):
Suggested Entry: $698.00 – $699.00
Stop Loss: $695.50 (below MA(99) and last support)
Take Profit:
Partial at $703
Complete at $707 (if momentum returns with volume)
Ideal Confirmation: Clear rejection at MA(25) + strong green candle with volume + rising RSI.
🔴 Sell Opportunity (SHORT):
Suggested Entry: $700.50 – $701.00 (if there is clear price rejection at MA(7))
Stop Loss: $703.50
Take Profit:
Partial at $696.00
Complete at $692.00 (previous consolidation zone)
Ideal Confirmation: Bearish engulfing candle at resistance, decreasing volume, and rejection at MA(7).
Current Price: $699.59
24h High: $707.08
24h Low: $682.67
Recent Trend: Strong upward movement with subsequent downward correction.
Active Moving Averages:
MA(7) ≈ 700.12 (yellow)
MA(25) ≈ 697.86 (pink)
MA(99) ≈ 694.79 (purple)
🔍 Key Observations
Strong upward momentum from $691 to the peak of $707.08.
This movement was accompanied by increasing volume (positive for a breakout).
Currently in a pullback after the high at $707.
The candles are below the MA(7) (indicating short-term weakness).
The MA(25) is acting as a dynamic support near $697.86.
Recent Support Zone: Around $697 - $698
Matches with MA(25) and the closing price of several previous candles.
There is also a volume consolidation in that area.
Immediate Resistance Zone:
$700.12 (MA(7))
$704 - $707 (recent high zone)
🧠 Suggested Strategy for the Next Hour
🟢 Buy Opportunity (LONG):
Suggested Entry: $698.00 – $699.00
Stop Loss: $695.50 (below MA(99) and last support)
Take Profit:
Partial at $703
Complete at $707 (if momentum returns with volume)
Ideal Confirmation: Clear rejection at MA(25) + strong green candle with volume + rising RSI.
🔴 Sell Opportunity (SHORT):
Suggested Entry: $700.50 – $701.00 (if there is clear price rejection at MA(7))
Stop Loss: $703.50
Take Profit:
Partial at $696.00
Complete at $692.00 (previous consolidation zone)
Ideal Confirmation: Bearish engulfing candle at resistance, decreasing volume, and rejection at MA(7).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
886.31
-0.31%
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