๐งฉ $BNB is approaching a shortโterm reversal near the 760.8 level.
On the 4โhour chart, bearish bias is evident, and the 1โhour chart confirms it as price slipped below EMA20. Volume on the upside is contracting, and the entry range is tight between 757.8 and 760.8, making a short swing plausible.
Entry Point: 757.781
TakeโProfit 1: 753.404
TakeโProfit 2: 748.687
TakeโProfit 3: 743.970
StopโLoss: 765.196
If $BNB closes above 765.2, the short scenario is invalid. Will the 1โhour EMA20 hold as support or break?
On the 4โhour chart, bearish bias is evident, and the 1โhour chart confirms it as price slipped below EMA20. Volume on the upside is contracting, and the entry range is tight between 757.8 and 760.8, making a short swing plausible.
Entry Point: 757.781
TakeโProfit 1: 753.404
TakeโProfit 2: 748.687
TakeโProfit 3: 743.970
StopโLoss: 765.196
If $BNB closes above 765.2, the short scenario is invalid. Will the 1โhour EMA20 hold as support or break?