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BNB/USDT – 4H Technical Analysis & Intraday Trading Plan 16/02/26
Current Price: $612.81 Timeframe: 4H RSI(6): 33.29 (near oversold) MA(7): 620.55 MA(25): 618.85 MA(99): 674.79 🔎 Technical Overview 1️⃣ Trend Structure Price is trading below MA(7) and MA(25) → short-term bearish. MA(99) is far above price (~674) → strong higher-timeframe downtrend. Lower highs visible from 645 → 635 → 628 zone. Immediate support near $608–610 (recent 4H low 608.82). 2️⃣ Momentum RSI at 33 → approaching oversold territory. Suggests potential short-term bounce, but trend remains bearish. 3️⃣ Volume Volume declining on recent drop → selling pressure slowing. Indicates possible short-term consolidation before next move. 📊 Intraday Trading Scenarios Because RSI is near oversold and price is sitting near support, two setups are valid: 🟢 Scenario 1: Short-Term Bounce (Counter-Trend Long) Condition: Price holds above $608 and reclaims $616–618. ✅ Entry: $615 – $618 (on bullish 4H or strong 1H confirmation) 🛑 Stop-Loss: $605 (below key support) 🎯 Take-Profit Targets: TP1: $624 TP2: $630 TP3 (extended): $638 Risk/Reward: ~1:2 to 1:3 This is a quick scalp-type trade. 🔴 Scenario 2: Trend Continuation Short (Higher Probability) Trend is still bearish overall. Condition: Rejection near MA(7)/MA(25) zone (~618–622). ✅ Entry: $618 – $622 (on bearish rejection candle) 🛑 Stop-Loss: $630 🎯 Take-Profit Targets: TP1: $608 TP2: $600 TP3: $588 Risk/Reward: ~1:2.5 This setup aligns with dominant trend. 📌 Key Levels to Watch Resistance: 618 – 622 Major Resistance: 630 Support: 608 Breakdown Level: 600 Major Support: 588 🏆 Preferred Setup Short positions near 618–622 offer better probability because: Price is below key moving averages Higher timeframe trend is bearish MA(99) still far above → macro downtrend intact ⚠️ Risk Management Tip: Use maximum 1–2% capital risk per trade. Wait for confirmation candle — avoid entering mid-candle. If you want, I can also provide a leverage-adjusted futures setup (5x/10x risk model). #bnb #BNB_Market_Update #Binance