Post
David_John
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BullishBNB Faces Resistance After Quick Recovery Move
$BNB is trading at 1,109.80, slightly down 0.35% after showing strong recovery from the intraday low of 1,090.00. The coin earlier touched a high of 1,120.15, but momentum cooled as sellers stepped in near that level.
Reason:
BNB rebounded sharply from support but is now struggling around short-term moving averages. The MA(7) and MA(25) lines are overlapping near 1,112, signaling indecision and reduced short-term momentum.
Key Levels:
Support: 1,090
Resistance: 1,120
Trend: Neutral to Slightly Bullish (while holding above 1,090)
Trade Idea:
If BNB stays above 1,110, bulls may push toward 1,120–1,125 again.
But if price breaks below 1,100, expect a short-term pullback toward 1,090–1,085.
Possible Trade: Watch for buy setups above 1,110, or sell if it breaks under 1,100 with confirmation.
$BNB is trading at 1,109.80, slightly down 0.35% after showing strong recovery from the intraday low of 1,090.00. The coin earlier touched a high of 1,120.15, but momentum cooled as sellers stepped in near that level.
Reason:
BNB rebounded sharply from support but is now struggling around short-term moving averages. The MA(7) and MA(25) lines are overlapping near 1,112, signaling indecision and reduced short-term momentum.
Key Levels:
Support: 1,090
Resistance: 1,120
Trend: Neutral to Slightly Bullish (while holding above 1,090)
Trade Idea:
If BNB stays above 1,110, bulls may push toward 1,120–1,125 again.
But if price breaks below 1,100, expect a short-term pullback toward 1,090–1,085.
Possible Trade: Watch for buy setups above 1,110, or sell if it breaks under 1,100 with confirmation.
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