$BNB /USDT Update - 4H Chart Analysis
Current Price: $575.40 (+5.56%)
Time Frame: 4H
Resistance: $580 - $585
Support: $543 - $550
Price Action:
BNB made a strong bounce from the $543 support zone and is now testing the $580 resistance. Buyers stepped in with volume, but the price faced rejection around the $585 zone (today’s high). A short-term pullback may be forming.
Volume Analysis:
Strong green candle with rising volume = bullish intent
However, slight rejection near $580 shows sellers are still active.
Signals:
Short-Term (Intraday):
• Buy above: $580 (after breakout with retest)
• Sell below: $568 (if rejection continues)
• Target (upside): $590 – $600
• Target (downside): $550 – $543
Swing Trade:
• If daily candle closes above $585 with volume, we may see continuation toward $600+
• If fails, likely range between $543–$580
Sentiment Meter:
Buyers: 18.20%
Sellers: 81.80%
This shows majority orders are placed to sell – potential for trap if breakout happens!
Conclusion:
BNB is heating up! A clean break above $580 could open the gates to $600 again!
But watch for rejection candles – bulls need to stay strong here!
Buy the breakout or sell the fakeout?
Let me know in comments!
