Watching $BNB : the reaction at the nearest zone above the current price will tell more than any forecasts.
Price is around 749.19, +1.286% over the day.
Daily range: 736.06-761.39.
What you can see on TradingOS:
— above the current price is the POI 752.857-761.39 — a pressure zone, not support, because the price is currently below it;
— above the current price is the bullish FVG 751.35-753.48 — a pressure zone, not support, because the price is currently below it;
— below the current price is the bearish FVG 740-741 — a reaction zone below the price;
— below the current price is the bullish OB zone 738.49-743.56 — a reaction zone below the price;
Weights of scenarios based on current data:
long scenario — 8%;
short scenario — 77%.
This is not the probability of a trade, but an assessment of the context.
What matters:
if the price returns above the 751.35-753.48 area and holds there, the long context will start strengthening. If the reaction is weak again, the bearish scenario will remain the main one.
This is a scenarios map, not a trading instruction.
$BNB #Crypto #BinanceSquare #Trading
Chart and order book — by clicking on $BNB .
Not investment advice.
Agree with the analysis or see it differently? I’m waiting for your take below.
Real-time breakdowns and the full log — on X: @TyumaBidrouINW
Price is around 749.19, +1.286% over the day.
Daily range: 736.06-761.39.
What you can see on TradingOS:
— above the current price is the POI 752.857-761.39 — a pressure zone, not support, because the price is currently below it;
— above the current price is the bullish FVG 751.35-753.48 — a pressure zone, not support, because the price is currently below it;
— below the current price is the bearish FVG 740-741 — a reaction zone below the price;
— below the current price is the bullish OB zone 738.49-743.56 — a reaction zone below the price;
Weights of scenarios based on current data:
long scenario — 8%;
short scenario — 77%.
This is not the probability of a trade, but an assessment of the context.
What matters:
if the price returns above the 751.35-753.48 area and holds there, the long context will start strengthening. If the reaction is weak again, the bearish scenario will remain the main one.
This is a scenarios map, not a trading instruction.
$BNB #Crypto #BinanceSquare #Trading
Chart and order book — by clicking on $BNB .
Not investment advice.
Agree with the analysis or see it differently? I’m waiting for your take below.
Real-time breakdowns and the full log — on X: @TyumaBidrouINW
