The Daily trend is in a corrective phase, but key indicators suggest downside momentum is waning, presenting a high-probability reversal opportunity. A clear classic bullish divergence has formed on the Daily chart: price made a lower low around 833 while the RSI indicator printed a higher low. This divergence signals that selling pressure is exhausting and a potential bottom is forming. Price is also currently interacting with the lower Bollinger Band, a zone that often precedes a bounce back towards the mean.
The trigger for this long setup will be a confirmation of this momentum shift on the lower timeframes. We are looking for the 15m RSI to make a decisive move, crossing above the 50 level. This action would serve as the primary signal that short-term buying pressure is overtaking selling pressure. A secondary confirmation would be price reclaiming and holding above the key short-term EMAs on the 1H chart, turning them from resistance into support. This entry is a high-probability play because it combines a powerful higher-timeframe divergence signal with a precise lower-timeframe momentum-based trigger, allowing for entry as the reversal begins to gain traction.
BNBUSDT
Prep
840.76
-3.70%