🚀 BNB Bullish Setup 📈
**Trading Plan:**
Bias: Bullish
Entry: 840.0 - 843.0
Stop Loss: 834.5
Take Profit 1-3: 850.0 / 860.0 / 868.0
**Technical Analysis:**
On the 15-minute time frame, BNB shows strong bullish reversal signs after hitting a low of $835.35. The price has successfully broken through the key EMA 99 moving average, which is often seen as a confirmation signal of trend change. Additionally, the MACD indicator has formed a bullish crossover, and the RSI has also risen above the 50 midline, indicating that buying momentum is strengthening, laying the groundwork for further upside.
**Failure Conditions:**
This bullish setup will only fail if the price decisively breaks below the key support level of $835.35.
BNBUSDT
Perp
848.18
+1.08%