$BNB just shook out the late longs and walked right back up like nothing happened.
At 10:00 UTC one hourly candle dropped it from ~749 to 739.25 on roughly $44M of volume, about 10x the 7-day hourly average. Five hours later price is back at 748.96. Net 24h change: -0.11%. Range: 738.30–761.00.
What I'm watching:
• 24h volume is ~$219M, more than double a typical day this past week. Heavy volume with a flat close usually means the market is fighting over a level, not trending.
• 762.2 is the 7-day high. It was rejected twice yesterday. A clean hourly close above it opens the conversation about the 60-day high near 810.
• Dip buyers defended 738–740 today. Lose that, and the 718 weekly low is the next real shelf.
• Daily close is sitting right around the 50-day average (~750.7), above the 20-day (~738.4). Basically a coin flip zone.
Over 7 days BNB is up 2.7%, but over 30 days it's still down 1.3%. Range trader's dream, breakout trader's headache.
Do you fade 760 again or wait for the breakout?
Not financial advice.
#BNB #CryptoTrading #TechnicalAnalysis
At 10:00 UTC one hourly candle dropped it from ~749 to 739.25 on roughly $44M of volume, about 10x the 7-day hourly average. Five hours later price is back at 748.96. Net 24h change: -0.11%. Range: 738.30–761.00.
What I'm watching:
• 24h volume is ~$219M, more than double a typical day this past week. Heavy volume with a flat close usually means the market is fighting over a level, not trending.
• 762.2 is the 7-day high. It was rejected twice yesterday. A clean hourly close above it opens the conversation about the 60-day high near 810.
• Dip buyers defended 738–740 today. Lose that, and the 718 weekly low is the next real shelf.
• Daily close is sitting right around the 50-day average (~750.7), above the 20-day (~738.4). Basically a coin flip zone.
Over 7 days BNB is up 2.7%, but over 30 days it's still down 1.3%. Range trader's dream, breakout trader's headache.
Do you fade 760 again or wait for the breakout?
Not financial advice.
#BNB #CryptoTrading #TechnicalAnalysis
