$BNB
BNB is currently still trading between the 537 low and the 593 high.
Based on the SMC I’ve learned, within this range the price has made a real breakout above the internal high at 563. The price has indicated a bullish direction. From the daily chart, a few days ago the price swept the market and left a low at 555. After that, the price continued to pull back, but it did not break below that low again, and it closed back up—showing that buy-side strength is still present.
Given the current situation, the strong pressure for the bulls is around 571. If the price breaks above this level, the direction will be clear. After a pullback, you can consider entering an order.
Set your stop-loss at 555. The target can be set at the previous high of 602.
Remember everyone,
No matter whether my analysis helps you or not, there are far too many “overnight fortune” gimmicks in the trading market. You should treat this as a warning rather than imitate it. Position sizing must be properly managed.
BNB is currently still trading between the 537 low and the 593 high.
Based on the SMC I’ve learned, within this range the price has made a real breakout above the internal high at 563. The price has indicated a bullish direction. From the daily chart, a few days ago the price swept the market and left a low at 555. After that, the price continued to pull back, but it did not break below that low again, and it closed back up—showing that buy-side strength is still present.
Given the current situation, the strong pressure for the bulls is around 571. If the price breaks above this level, the direction will be clear. After a pullback, you can consider entering an order.
Set your stop-loss at 555. The target can be set at the previous high of 602.
Remember everyone,
No matter whether my analysis helps you or not, there are far too many “overnight fortune” gimmicks in the trading market. You should treat this as a warning rather than imitate it. Position sizing must be properly managed.