$BNB Technical Analysis: Deep Dive into the 1-Day Chart Levels 🎯 The correction on $BNB has been significant, but we are finally arriving at a critical structure on the 1D Timeframe. I have marked up the key levels that professional traders are watching right now.
The Demand Zone ($830 - $860): We are currently sitting inside a major historical support block (green box). This area previously acted as a launchpad. The market is deciding here: bounce or break. The Downtrend Line: Notice the descending trendline connecting the recent lower highs. For a confirmed reversal, price must break and close above this line. Resistance Targets (Red Lines): If buyers step in here, our first major hurdle is the recent lower high at $960 (Target 1). Clearing that opens the path to $1,100 (Target 2). My Strategic Plan: Thesis: Bullish bounce play from the Demand Zone, but with strict risk management. Entry Strategy: Accumulating slowly within the green box ($830-$860), looking for bullish candle confirmation on shorter timeframes (4H). Invalidation Level (Stop Loss): If the price closes daily below the psychological $800 level (dashed red line), this setup is invalidated, and lower prices are likely. Live Trade Verification: I am executing this strategy live. You can track my actual entry price and real-time P&L based on these levels right here:
Are you trusting this green support zone, or do you think $800 will break? Let's discuss below! 👇
$BNB at a Critical Level: Is the Correction Over? (1-Day Analysis)
The 1 Day Chart for Binance Coin ($BNB ) is showing a massive cooling off from its highs. We are currently sitting at $852.80, a level that demands attention.
After a sharp correction from the $1300+ peak, $BNB is testing a major historical Demand Zone.
As you can see in the chart below, the price is trying to find stability around the $830 - $850 range. The selling pressure seems to be slowing down, forming a potential base for the next leg up.
My Trading Strategy (Swing Setup):
I am looking for a reversal play here, but risk management is key given the bearish momentum.
$ETH 1-Day Analysis: Is the Bottom In? Here’s My Setup!
The market is volatile, but the Ethereum ($ETH ) 1-Day chart is forming a critical setup right now. Chart Analysis (See Image):
$ETH is currently trading around $2,890. After a significant correction, the price is attempting to find stability at a Major Support Zone. This current 1 Day candle is crucial. If the bulls can defend this level, we might be looking at a solid reversal opportunity. 💡 My Strategy (Swing Trade): I am not just catching a falling knife i am waiting for confirmation. Here is my plan: 🔭 Observation: The price is defending the $2,800 -$2,850 zone. 🟢 Entry: If today's daily candle closes GREEN or breaks above $2,900. 🛑 Stop Loss: Strict SL below $2,780 (Below the recent wick to manage risk). 🎯 Targets: First target $3,200, extended target $3,500. 🔗 Track My Live Trade: I have linked my real-time trade to this post. You can verify my Entry, Exit, and ROE live below. 👇 #cryptotrading #ETHUSDT #TechnicalAnalysis #Binance #CryptoStrategy
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