BNB JUST BOUNCED — BUT IS THIS A REVERSAL OR A TRAP?
$BNB always buy whenever you find the dip
BNB is trading around $769 after dropping to $758.57 on the 15-minute chart. I’m not calling this a confirmed reversal yet. Price has recovered above EMA(7), but remains below EMA(25) at $770.20 and EMA(99) at $777.10.
What catches my attention is the improving MACD histogram: momentum is recovering, while RSI remains around 40, showing buyers are trying to regain control.
I have entered my 1st position as opportunity.
Follow me for more market insights.
DYOR. Not financial advice.
$BNB always buy whenever you find the dip
BNB is trading around $769 after dropping to $758.57 on the 15-minute chart. I’m not calling this a confirmed reversal yet. Price has recovered above EMA(7), but remains below EMA(25) at $770.20 and EMA(99) at $777.10.
What catches my attention is the improving MACD histogram: momentum is recovering, while RSI remains around 40, showing buyers are trying to regain control.
I have entered my 1st position as opportunity.
Follow me for more market insights.
DYOR. Not financial advice.
