$BNB Watch for a long opportunity.



Right now, everyone across the market is bearish on BNB and piling into short orders like crazy; at times like this, I’ll instead keep a close eye on the possibility of a false breakdown. Although the daily structure looks bearish, the bullish logic on the 4-hour timeframe is still valid. Currently, the 15-minute RSI is around 53, and buyers still have room to push higher. Also, the current volume is genuine buy-side pressure—not noise.

For entry, watch around 571.1 to 571.5. The upside target to start with is the 572.7 to 575.1 range. If you’re going against the trend, be sure to manage risk: if price breaks down below 569.4, you should consider exiting—don’t blindly hold.
BNB-0.09%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned