🚨 BNB/USDT 890 Siege: Bull Trap or Epic Breakout Loading? Pro Breakdown! 📈💥
Your fresh charts capture the drama—$BNB spiking to 890.67 on green hammers, testing that stubborn 890-895 resistance wall with high volume surge (24h vol ~88M USDT), only to fakeout dip to 889.07 as sellers pile in. RSI screaming overbought at 69-70 across timeframes, MACD histogram flipping positive but main line lagging (-43), while EMAs cluster support at 885-887 (your chart's yellow zone holding firm).
This isn't retail noise: Binance ecosystem pumps (Square AI buzz), Fed rate cut tailwinds, and neutral RSI (53 daily) set stage for volatility crush—mean reversion play if 890 flips green.
🤔Deeper Trader Thesis:Bull Case: 890 reclaim + volume >20% spike → 920-940 targets (prior highs, 50-day SMA ~1026 stretch goal). Trail longs from 887 lows.
😭Bear Case: Rejection + sub-885 break → 870-849 retest (200-day MA fortress). Shorts scale on red candles.
☣️Risk Metrics: 1% portfolio risk max, 1:3 RR min.
Invalidation below 880 hourly close—zero tolerance.
👨🏫Pro edge: Dips like this post-spike are alpha gold for DCA setups amid consolidation (24h range 878-897). Attach charts, poll audience: "890 hold or fold?" Engagement fire.
Disclaimer: Not financial advice. Crypto highly volatile—risk only what you can lose. Past performance ≠ future results. DYOR, manage risk, consult advisor.
#bnb #TrumpCancelsEUTariffThreat #WhoIsNextFedChair #Binance #BinanceSquareTalks
