šØ $BNB is heating up for a potential bullish breakout! š„š
š Trade Signal (4H Chart):
š¢ Buy Entry: ~$650.68
šÆ Target: $666.40
š Stop Loss: $639.50
āļø Risk/Reward Ratio: ~1.6
š Trend Bias: Short-term Bullish Reversal
š Technical Analysis:$BNB
ā Support Bounce:
BNB found strong support at $625.44, followed by a clean bounce and higher low formation ā signaling bullish reversal momentum.
š MA Setup:
MA(7): $647.17 ā price just reclaimed above it, indicating early bullish momentum.
MA(25): $655.76 ā short-term resistance level to watch.
MA(99): $666.87 ā strong confluence zone and near the profit target.
š¢ A break above $655 opens the door for a push toward $666+, aligning with the 99-period moving average.
š¹ Volume:
Volume is climbing with green candles ā suggesting growing buyer interest after the dip.
š Downtrend Exhaustion:
Recent sharp drop was met with strong buying pressure, forming a potential V-shape recovery on the 4H chart.
š If bulls hold above $647, next leg up could be fast and strong!
buy and trade here $BNB