Let’s dive into BinanceCoin (BNB) analysis.
👀 BNB 1H Overview
BNB reacted to its resistance yesterday and activated its long trigger. It is now still struggling with the same resistance zone, while we have slightly moved the resistance higher for the new trigger.
📊 Volume Analysis
BNB volume has formed a divergence with price. A clear resistance breakout requires rising buy volume for confirmation. Keep in mind that all valid breakouts need volume convergence—otherwise, a fakeout is very likely.
✍️ BNB Trading Scenarios
🟢 Long Scenario:
A breakout above the current resistance at $904, supported by increasing buy volume, could open a valid long setup.
🔴 Short Scenario:
A breakdown below the maker-buyer low at $877, confirmed with strong selling pressure on the 1H timeframe, could activate a short setup.
🧠 Protect your capital first. No setup is worth blowing your account. If risk isn’t controlled, profit means nothing. Trade with rules, not emotions.
