BNB/USDT – Short-Term Technical Analysis (15m)
BNB is showing a modest recovery, currently trading at 626.65, up +2.01% for the day. The price is oscillating near the MA60 (626.56) on the 15m chart, which is currently acting as a pivot point.
Market Trend: While the short-term 15m trend is showing signs of stabilization, the broader long-term 200-day moving average has been sloping down since February 10, indicating a weak overall trend.
Price Action: The chart shows high volatility with a recent spike reaching a 24h high of 631.86 before settling back toward the MA60.
Support/Resistance: Immediate support is found at the 24h low of 604.49, while 631.86 remains the key resistance to break for a sustained move higher.
🎯 Trade Setup (Conservative Play)
Entry Zone (Buy on Support): 👉 620.00 – 626.00
Take Profits:
TP1: 631.50 (Recent daily high)
TP2: 645.00
TP3: 660.00
TP4: 685.00 (Major psychological level)
Stop Loss: ❌ 612.00 (Below recent consolidation and local support)
$BNB : Stabilizing Near MA60—Breakout Pending? 🚀⚖️
BNB (
$BNB ) is fighting to reclaim its bullish momentum, currently hovering right at the 626.56 MA60 level on the 15m chart. Despite a solid +2% gain today, the broader trend remains cautious after a weak performance earlier this month.
A clean breakout above today's high of 631.86 could open the door for a recovery towards the $650+ zone. However, keep an eye on volume; a failure to hold above $620 might lead to a retest of the $604 support floor. Manage your risk as the market seeks a definitive direction.
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