$BNB /USDT Analysis Update and Trading Strategy Plan ๐ค๐๐
Current Price: $667
Timeframe: 1D & 1H
Trend: Bullish Momentum Building
Chart Pattern Observed:๐
$BNB has successfully retested the $660 demand zone and is now showing a fresh bullish reversal. On the 1H chart, we see multiple CHoCH (Change of Character) confirming a shift back into bullish structure. Price is currently trying to reclaim previous supply levels around $668โ$670.
Why Bullish?๐ค๐ฅ
Price forming higher lows on both 1D and 1H charts.
Strong reaction from demand zone with visible BOS (Break of Structure).
Momentum oscillator (Stoch RSI) is climbing and holding above 80, showing strong buying interest.
1D candle holding above 20EMA and 50EMA is curving upโindicating strength.
Global Sentiment :๐
Binance is gaining strong user growth and trust again after recent market FUD settled.
BNB chain's DeFi activity has increased by 15% in the last 7 days.
Multiple analysts are eyeing BNB to retest the $700โ$740 zone as long as BTC holds above $68K.
Resistance: $668, $675
Support: $660, $649
Trade Strategy:๐จโ๐ซ
If price holds above $660 with strength, bulls may aim for $688โ$710 short-term. Avoid buying near resistance; best to enter on retracement near $660โ$663 zone.
Takeaway:๐งโ๐ซ
$BNB is showing signs of strength and recovery. A breakout above $670 and hold above $688 will confirm bullish continuation.
๐จโโค๏ธโ๐จ"Discipline in trading means waiting patiently when the market is not in your favor."
Disclaimer: โ ๏ธ
This is not financial advice. Do your own research and risk management.