BNB / USDT
Main analysis timeframe: 15m – 1h
Trend:
• Current trend: Relatively Strong / Consolidation. BNB is holding price better than ETH/SOL, moving within a narrow range after BTC's recovery.
• Important price area: $615.00 (Key Support) - $635.00 (Local Resistance).
Liquidity Map:
• Liquidity above: $632 - $638 (Liquidity area for Short scalp).
• Liquidity below: $612 - $615 (SL area for early Long orders, also the psychological level of Smart Money).
• Liquidity hunting potential: There is potential to sweep down to $613 (Demand Zone) to shake out before continuing the upward trend.
Funding & OI:
• Current funding: Negative/Neutral. The Short side has a slight advantage, creating conditions for a price push (Short Squeeze).
• OI increase/decrease, signal: OI decreased slightly, indicating caution, but selling pressure is no longer strong.
Technical Indicators:
• RSI (1h): ~48 (Neutral, supports the upward trend).
• MACD: Signal line is flat, waiting for volume confirmation.
• Volume: Low, signs of supply exhaustion.
Trade Setup:
• Entry: $613.5 - $616.5 (Limit Order).
• Take Profit (TP): $630 - $642.
• Stop Loss (SL): $608.0 (Below the strong support area).
• Bias: LONG (Follow BTC recovery).
Click here to trade:
• Reason: BNB/BTC is maintaining a good structure. The $615 level is a confluence between H4 support and the liquidity area below. Attractive R:R for the recovery phase.
Risk Note:
Maintain SL discipline. BNB usually runs after BTC, patiently waiting to fill orders at the Discount area.