BNB is testing resistance at $729.90 after rising 4.46% in 24h. The current price is $725.64, sitting just above the 4h EMA20.
$BNB – LONG
Trading plan:
Entry: $725.01 – $726.27
SL: $719.33
TP1: $736.99
TP2: $742.45
TP3: $748.76
Why this setup?
• The 4h trend is LONG; EMA20=$704.95, EMA50=$700.59.
• RSI 15m=68.7; RSI 4h=84.6.
• ATR 1h=$4.2036; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
RSI 4h has entered the overbought zone at 84.6, which could trigger short-term profit-taking and sweep the SL at $719.33 before continuing higher. If it breaks above $729.90 with volume, the move to TP1 $736.99 is very likely.
Click here to trade 👇
$BNB – LONG
Trading plan:
Entry: $725.01 – $726.27
SL: $719.33
TP1: $736.99
TP2: $742.45
TP3: $748.76
Why this setup?
• The 4h trend is LONG; EMA20=$704.95, EMA50=$700.59.
• RSI 15m=68.7; RSI 4h=84.6.
• ATR 1h=$4.2036; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
RSI 4h has entered the overbought zone at 84.6, which could trigger short-term profit-taking and sweep the SL at $719.33 before continuing higher. If it breaks above $729.90 with volume, the move to TP1 $736.99 is very likely.
Click here to trade 👇
