๐จ $BNB LONG SETUP (on pullback) ๐จ
BNB is trading around $785 on the 4H, holding above a rising MA99 with clean higher lows. I'm not chasing the breakout candle. I'm waiting for a dip into the MA7 / MA25 support zone. ๐
Entry: $772 โ $780
TP1: $790
TP2: $800
TP3: $808
SL: $764
๐น Why BNB is on watch
Price is above MA7 ($780), MA25 ($773), and MA99 ($772), and the MA99 is steadily rising. Higher lows keep forming, and buyers have defended every dip. The latest green candle broke out of the multi-day range, so a retest is likely. Volume is picking up on the breakout candle. Support is stacked at $772โ$780, with resistance at $795 and then the $808.23 high
๐น Risk/reward: about 1.2R to TP1 and 2.7R to TP3 from the middle of the entry zone ($776)
โ ๏ธ Invalidation: a 4H close below $764 cancels the setup. If price runs up without pulling back, skip it rather than chase.
Follow for more. ๐
Not financial advice. Trade at your own risk; always use a stop loss, and never risk more than you can afford to lose.$BNB
BNB is trading around $785 on the 4H, holding above a rising MA99 with clean higher lows. I'm not chasing the breakout candle. I'm waiting for a dip into the MA7 / MA25 support zone. ๐
Entry: $772 โ $780
TP1: $790
TP2: $800
TP3: $808
SL: $764
๐น Why BNB is on watch
Price is above MA7 ($780), MA25 ($773), and MA99 ($772), and the MA99 is steadily rising. Higher lows keep forming, and buyers have defended every dip. The latest green candle broke out of the multi-day range, so a retest is likely. Volume is picking up on the breakout candle. Support is stacked at $772โ$780, with resistance at $795 and then the $808.23 high
๐น Risk/reward: about 1.2R to TP1 and 2.7R to TP3 from the middle of the entry zone ($776)
โ ๏ธ Invalidation: a 4H close below $764 cancels the setup. If price runs up without pulling back, skip it rather than chase.
Follow for more. ๐
Not financial advice. Trade at your own risk; always use a stop loss, and never risk more than you can afford to lose.$BNB