$BNB bounced clean off 717.65 today and is sitting around 740 now, up about 1% on the day. The push stalled at 749 though, and the last 4h candle is giving a bit of it back.
On the NanoTrading Fire chart (4h) the volume POC is at 730.86, with the value area running from 715.12 up to 755.59. There's a short liquidation tag of about $36.2M sitting just under 750 and a much fatter long cluster around $75.5M down in the mid-720s. Above that, a thick liquidity wall stacks right around 760, just over the VAH.
Binance futures data: open interest climbed from roughly $396M to $409M over the last few 4h prints as price recovered, funding is basically flat, and the crowd is cooling off. The account long/short ratio dropped from 2.90 to 2.29 in about 8 hours, so the over-eager longs have been thinning out.
My read: $BNB needs a 4h close over 750 to grab those shorts and test the 760 wall. Lose the 730 POC and that $75M long pocket in the 720s becomes the magnet 🧲
Which way do you think it sweeps first, 750 or 725?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#BNB #Crypto #NanoTrading
On the NanoTrading Fire chart (4h) the volume POC is at 730.86, with the value area running from 715.12 up to 755.59. There's a short liquidation tag of about $36.2M sitting just under 750 and a much fatter long cluster around $75.5M down in the mid-720s. Above that, a thick liquidity wall stacks right around 760, just over the VAH.
Binance futures data: open interest climbed from roughly $396M to $409M over the last few 4h prints as price recovered, funding is basically flat, and the crowd is cooling off. The account long/short ratio dropped from 2.90 to 2.29 in about 8 hours, so the over-eager longs have been thinning out.
My read: $BNB needs a 4h close over 750 to grab those shorts and test the 760 wall. Lose the 730 POC and that $75M long pocket in the 720s becomes the magnet 🧲
Which way do you think it sweeps first, 750 or 725?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#BNB #Crypto #NanoTrading