📊 Context (4H – $BNB /USDT)
Previously: downtrend (downward channel) → broken out lower and then reversed
Now: clear uptrend (ascending channel)
Structure: higher lows + higher highs = bullish pattern
📈 What is bullish?
Breakout from the downward channel
Key moment – trend change
Retest and defense ~594–600
Very nice demand level
Upward impulse + momentum
Last candle: strong, breakout
RSI ~70
Strong trend (not an immediate signal to short)
Stoch RSI bounces from below
Continuation of the move is possible
📍 Key levels
🟢 Resistance:
641.9 → current local resistance (being tested now)
662.7 → main target (previous zone) supply)
🔴 Support:
611.7 → first support (local structure)
594.8 → strong support (key level)
566.6 → last line of defense of the trend
🔍 Scenarios
🟢 SCENARIO 1 — continuation (more likely)
If:
4H candle closes above 642
Then:
we are heading towards 662–670
👉 classic breakout + continuation
🟡 SCENARIO 2 — correction (healthy)
If:
rejection of 640–642
Then:
pullback to:
611 (ideal buy the dip)
max 595 (deep pullback)
👉 still bullish, only momentum reset
🔴 SCENARIO 3 — weakness (little for now) (likely)
If:
a drop below 594
Then:
a possible return to 566
the structure is starting to break down
🧠 Conclusions (most important)
Trend = UP
Momentum = strong
We are at resistance → market decision now
👉 Don't short strength
👉 Look for:
a long breakout >642
or a long pullback ~610 / ~595