๐ Analysis/USDT$BNB | Technical update
BNB is currently trading near $555 after a strong rebound from the $540 support area.
๐น On the 4-hour timeframe
The overall trend is still bearish as long as the price remains below the EMA50 and EMA200 moving averages.
The $540 - $545 zone is considered an important support.
A breakout above $565 may open the way toward $575, then $585.
๐น On the 15-minute timeframe
A short-term bounce signal has appeared from support.
The RSI indicator has risen from oversold levels, supporting the continuation of the rebound.
๐ฏ Trading plan โ Entry zone: $548 - $555
๐ฏ First target: $565 ๐ฏ Second target: $575 ๐ฏ Third target: $585
๐ Stop loss: below $538
โ ๏ธ If the $540 level is broken and the candle closes below it, the price may return to test lower zones.
๐ก Iโm closely monitoring BNB. If buyers manage to reclaim the $565 level, we may see a good bullish wave over the coming days.
โ Do you expect $BNB to return above $600 soon, or has the decline not ended? $OPG
#BNBLUNCPOOL #Binance
BNB is currently trading near $555 after a strong rebound from the $540 support area.
๐น On the 4-hour timeframe
The overall trend is still bearish as long as the price remains below the EMA50 and EMA200 moving averages.
The $540 - $545 zone is considered an important support.
A breakout above $565 may open the way toward $575, then $585.
๐น On the 15-minute timeframe
A short-term bounce signal has appeared from support.
The RSI indicator has risen from oversold levels, supporting the continuation of the rebound.
๐ฏ Trading plan โ Entry zone: $548 - $555
๐ฏ First target: $565 ๐ฏ Second target: $575 ๐ฏ Third target: $585
๐ Stop loss: below $538
โ ๏ธ If the $540 level is broken and the candle closes below it, the price may return to test lower zones.
๐ก Iโm closely monitoring BNB. If buyers manage to reclaim the $565 level, we may see a good bullish wave over the coming days.
โ Do you expect $BNB to return above $600 soon, or has the decline not ended? $OPG
#BNBLUNCPOOL #Binance
