🚀 BNB Bullish Setup 📈
Trading Plan:
Bias: Bullish
Entry: 849 - 852
Stop Loss: 845.50
Take Profit 1–Take Profit 3: 856 / 862 / 871
Technical Analysis:
On the 15-minute chart, the price found significant support in the 847 area after pulling back from recent highs and began to rebound. Currently, the price is forming a short-term upward trend, characterized by higher highs and higher lows. Bullish confirmation signals include: EMA(7) crossing above EMA(25), which is a classic short-term bullish crossover signal. Additionally, the MACD indicator continues to rise after forming a golden cross below the zero line, indicating that buying momentum is strengthening. The RSI indicator has also rebounded from a low position, showing that market momentum is shifting towards the bulls.
Invalidation Condition:
This bullish setup will only be invalidated if the price breaks below the recent support level of 845.50.
##USCryptoStakingTaxReview #BNB
