$BNB Pullback Zone – Support Test
BNB is trading at $790.72, pulling back from today's high of $799.00 after facing rejection near the $797–799 resistance zone. Price has now dropped below the MA60 ($791.80) and is consolidating just above the $789–791 support area. Volume spiked during the drop, suggesting active selling, but the pullback remains within a healthy short-term range (7-day change still +10.57%).
📊 Bias: Neutral, watching for reaction at $789 support
Scenario 1 – Support Hold (Long)
🔼 Entry: $789.50 – $790.50 (on bounce confirmation)
🎯 TP1: $793.50
🎯 TP2: $797.00
🛑 SL: $787.00
Scenario 2 – Breakdown (Short)
🔽 Entry: $787.50 – $788.00 (on confirmed breakdown)
🎯 TP1: $784.00
🎯 TP2: $780.00 (24h low retest)
🛑 SL: $791.00
⚠️ Recommended Leverage: 3x–5x max
Risk Management: Risk only 1–2% of capital per trade. Not financial advice — always DYOR.
#BNB #Binance #cryptotrading #Write2Earn
BNB is trading at $790.72, pulling back from today's high of $799.00 after facing rejection near the $797–799 resistance zone. Price has now dropped below the MA60 ($791.80) and is consolidating just above the $789–791 support area. Volume spiked during the drop, suggesting active selling, but the pullback remains within a healthy short-term range (7-day change still +10.57%).
📊 Bias: Neutral, watching for reaction at $789 support
Scenario 1 – Support Hold (Long)
🔼 Entry: $789.50 – $790.50 (on bounce confirmation)
🎯 TP1: $793.50
🎯 TP2: $797.00
🛑 SL: $787.00
Scenario 2 – Breakdown (Short)
🔽 Entry: $787.50 – $788.00 (on confirmed breakdown)
🎯 TP1: $784.00
🎯 TP2: $780.00 (24h low retest)
🛑 SL: $791.00
⚠️ Recommended Leverage: 3x–5x max
Risk Management: Risk only 1–2% of capital per trade. Not financial advice — always DYOR.
#BNB #Binance #cryptotrading #Write2Earn
