$BNB /USDT Bullish Reversal in Progress
Short Market Outlook:
$BNB has shown signs of a bullish reversal after bouncing from the strong support zone near $1,081, reclaiming the $1,090 level with steady volume. The price is now consolidating just below the resistance at $1,097, indicating accumulation before a potential upward breakout. Momentum indicators suggest renewed buying interest as bulls defend higher lows, aiming to push beyond the $1,100 mark.
Trade Setup (Bullish Setup):
Entry Range: $1,090 – $1,095
Target 1: $1,105
Target 2: $1,118
Target 3: $1,135
Stop Loss (SL): $1,080
Technical Summary:
Trend Direction: Bullish Reversal Forming
Resistance Levels: $1,097 / $1,105 / $1,118
Support Levels: $1,081 / $1,075
Volume Outlook: Increasing (24h Vol: 124K BNB), signaling buyer confidence.
Momentum: RSI recovering toward 60, reflecting strengthening bullish momentum.
If BNB sustains above $1,095, the next leg upward could confirm a breakout toward $1,120+. However, a fall below $1,080 may invalidate the bullish setup and trigger a short-term pullback.
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