$BNB 🚀
$BNB /USD H4: Bullish Momentum Building from Golden Ratio! \nearrow LONG
Market Sentiment: BULLISH
Key Insight: BNB/USD is bouncing hard off a critical support zone, confirming the recent pullback is complete! This zone aligns perfectly with the highly significant 61.8% Fibonacci retracement level—a key bullish signal the algorithm loves to see! Do not miss this setup!
🎯 My Live Trade Setup (H4 Chart)
| Parameter | Level | Rationale |
|---|---|---|
| Buy Entry | $1,115.60 | 61.8% Fibonacci Pullback Support |
| Take Profit (TP) | $1,224.16 | Pullback Resistance (Set just below key structural resistance) |
| Stop Loss (SL) | $1,027.90 | Overlap Support (Essential for risk management) |
\star Why This Setup is High-Probability
The reaction from the 61.8% Fib level, often called the "Golden Ratio," is a powerful indicator that the long-term trend remains intact. I am viewing this as a strong accumulation opportunity for the next major leg up, targeting the $1,224.16 resistance.
What do you think? Will this Golden Ratio support hold, or are you waiting for a lower entry?
Like, Share, and Follow me for the next live chart update! Save this post to track the entry/exit!
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