$BNB : WILL $735.38 TRIGGER A BULLISH CHOCH? 👀
$BNB is attempting to recover after dropping from the $810 region to a recent low of $705.86.
But is this a real reversal, or just another relief bounce?
Here's what I'm watching 👇
🔴 $735.38 — The Key Level
BNB is trading around $730.51, just below the lower high at $735.38. A convincing 4H candle close above this level could signal a bullish CHOCH — the first warning that bearish market structure may be changing.
🟢 $747.42 — Next Confirmation Zone
If buyers break $735.38, defend it on a retest, and push through $747.42, the bullish case becomes stronger.
I'll be watching for a higher low and a possible bullish BOS as structure develops.
🔻 What If Buyers Fail?
A rejection below $735.38 keeps the bearish structure in play. If selling pressure returns, the $722.96 area and the $705.86 swing low remain important levels to watch.
🎯 My Strategy: I'm not buying simply because price approaches resistance. I want a confirmed break, a clean retest, and evidence that buyers are taking control.
Remember: A CHOCH is an early warning, not a guaranteed reversal.
Will BNB break above $735.38 and shift market structure, or will sellers defend the lower high again? $BNB
#EarningsSeason
#PriceAction #CHOCH
$BNB is attempting to recover after dropping from the $810 region to a recent low of $705.86.
But is this a real reversal, or just another relief bounce?
Here's what I'm watching 👇
🔴 $735.38 — The Key Level
BNB is trading around $730.51, just below the lower high at $735.38. A convincing 4H candle close above this level could signal a bullish CHOCH — the first warning that bearish market structure may be changing.
🟢 $747.42 — Next Confirmation Zone
If buyers break $735.38, defend it on a retest, and push through $747.42, the bullish case becomes stronger.
I'll be watching for a higher low and a possible bullish BOS as structure develops.
🔻 What If Buyers Fail?
A rejection below $735.38 keeps the bearish structure in play. If selling pressure returns, the $722.96 area and the $705.86 swing low remain important levels to watch.
🎯 My Strategy: I'm not buying simply because price approaches resistance. I want a confirmed break, a clean retest, and evidence that buyers are taking control.
Remember: A CHOCH is an early warning, not a guaranteed reversal.
Will BNB break above $735.38 and shift market structure, or will sellers defend the lower high again? $BNB
#EarningsSeason
#PriceAction #CHOCH