It’s another day of fiery chaos, and you guys are sitting there unable to rest—does $BNB đúng không? Looking at the current figure of 689.28$, many people are probably trembling, wanting to cut losses already. But stay calm: “sharks” usually only wait for the crowd’s psychology to be at its weakest before they “collect orders.”
From my point of view, the market is in an extremely sensitive phase. Look at the real technical data to see more clearly the fight between the buying and selling sides:
🔹 15-minute timeframe: Price is hovering around 689.28$, below the MA(20) at 692.27 and the EMA(9) at 689.85. This signal suggests short-term selling pressure is still dominant—there’s not yet a strong immediate bounce.
🔹 1-hour timeframe: The MA(20) is as high as 702.90, while the EMA(9) is 694.71. This confirms the bears are controlling the higher price zone. We need a deeper liquidity sweep down a bit more to shake out the weak-handed LONGs before we can even think about the PUMP returning.
My personal setup for this move is as follows:
📌 Position: I lean toward the bottom-fishing scenario when price shows signs of support.
📌 Entry: Wait for the 675$ - 680$ zone. Don’t FOMO at the current price because the chance of sweeping SL is still quite high.
📌 TP: Take-profit target around 705$ - 710$ to fill the gap of the MA(20) on the 1-hour chart.
📌 SL: Absolutely place the stop-loss below 665$. If that level is broken through, the recovery trend will be completely invalidated, and we’ll have to accept being wrong to preserve capital.
Never let emotions control your orders. This crypto market isn’t for people who lack patience.
What do you think? Will $BNB go back to test the strong support area at 670$, or will it reverse right here instead? Leave your thoughts in the comments below.
#CryptoTrading #Binance #MarketAnalysis
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).
From my point of view, the market is in an extremely sensitive phase. Look at the real technical data to see more clearly the fight between the buying and selling sides:
🔹 15-minute timeframe: Price is hovering around 689.28$, below the MA(20) at 692.27 and the EMA(9) at 689.85. This signal suggests short-term selling pressure is still dominant—there’s not yet a strong immediate bounce.
🔹 1-hour timeframe: The MA(20) is as high as 702.90, while the EMA(9) is 694.71. This confirms the bears are controlling the higher price zone. We need a deeper liquidity sweep down a bit more to shake out the weak-handed LONGs before we can even think about the PUMP returning.
My personal setup for this move is as follows:
📌 Position: I lean toward the bottom-fishing scenario when price shows signs of support.
📌 Entry: Wait for the 675$ - 680$ zone. Don’t FOMO at the current price because the chance of sweeping SL is still quite high.
📌 TP: Take-profit target around 705$ - 710$ to fill the gap of the MA(20) on the 1-hour chart.
📌 SL: Absolutely place the stop-loss below 665$. If that level is broken through, the recovery trend will be completely invalidated, and we’ll have to accept being wrong to preserve capital.
Never let emotions control your orders. This crypto market isn’t for people who lack patience.
What do you think? Will $BNB go back to test the strong support area at 670$, or will it reverse right here instead? Leave your thoughts in the comments below.
#CryptoTrading #Binance #MarketAnalysis
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).