$BNB /USDT – Short-Term Technical Read (based on your chart)
Timeframe: 15m
Current Price: ~848.99
Market Structure
Clear short-term downtrend.
Price is trading below MA(7), MA(25), and MA(99) → bearish control.
Lower highs + lower lows are intact.
Moving Averages
MA(7): ~849.1 → acting as immediate resistance.
MA(25): ~853.3 → strong intraday sell zone.
MA(99): ~860.3 → trend resistance, invalidation level for bears.
Support & Resistance
Immediate Support: 847.0 (recent low)
Next Support: 844.0–842.0 (if 847 breaks with volume)
Immediate Resistance: 850.5–852.0
Major Resistance: 858.0–862.0
Price Action Insight
The sharp dump to 847.06 followed by weak bounce suggests relief move, not reversal.
Recovery candles are small → buyers lack strength.
As long as price stays below 852, downside risk remains.
Volume
Selling volume expanded on the drop → confirms distribution, not a fake move.
Current volume is cooling → consolidation before next move.
Scenarios
Bearish Continuation (Higher Probability):
Rejection at 850–852 → move back to 847 → break may open 844–842.
Bullish Relief (Low Probability):
Strong reclaim and hold above 853 → test 858–860.
Trading Bias
Bias: Bearish to neutral
Scalp Shorts: Near 851–853 with tight risk
Caution: Avoid longs unless price reclaims MA(25) with volume
If you want, I can convert this into a Binance Feed / CreatorPad-style post or give a clean scalp setup with entry, SL, and targets.
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