🤑 BNB Technical Analysis – H1
After a strong bullish move and the formation of higher highs (HH), BNB rallied toward the supply zone and has now entered a short-term corrective phase. Price is fluctuating around 610.67 and is currently positioned at mid-level support. With liquidity resting above recent highs (SSS), price reaction at this level could determine the next direction.
Key Levels:
⏺Key Resistance: 620.00
⏺Intermediate Support: 610.00
⏺Key Support: 605.00
📈 Bullish Scenario:
If the price can hold the 610.00 area and buyers regain strength, the likelihood of a renewed move toward recent highs, a liquidity sweep (SSS), and a test of the 620.00 supply zone will increase.
📉 Bearish Scenario:
If the 610.00 support is lost and selling pressure intensifies, the likelihood of a deeper correction and a move toward the 605.00 demand zone (FVG) will increase.
#BNB
After a strong bullish move and the formation of higher highs (HH), BNB rallied toward the supply zone and has now entered a short-term corrective phase. Price is fluctuating around 610.67 and is currently positioned at mid-level support. With liquidity resting above recent highs (SSS), price reaction at this level could determine the next direction.
Key Levels:
⏺Key Resistance: 620.00
⏺Intermediate Support: 610.00
⏺Key Support: 605.00
📈 Bullish Scenario:
If the price can hold the 610.00 area and buyers regain strength, the likelihood of a renewed move toward recent highs, a liquidity sweep (SSS), and a test of the 620.00 supply zone will increase.
📉 Bearish Scenario:
If the 610.00 support is lost and selling pressure intensifies, the likelihood of a deeper correction and a move toward the 605.00 demand zone (FVG) will increase.
#BNB