Let's break it down:
You shared a $BNT /USDT 15-minute chart from Binance. Here's what I see technically:
Key Observations:
Current Price: $0.1394
24h Change: +53.86% (strong bullish momentum)
24h High: $0.1428
24h Low: $0.0897
Volume: High trading volume (269.82M BMT), supporting the price movement.
Chart Analysis (15m Timeframe):
Trend:
Clear uptrend — series of higher highs and higher lows.
Resistance:
Immediate resistance at $0.1428 (recent 24h high).
Support:
Strong local support around $0.1237 (previous consolidation zone).
Candlestick Pattern:
Recent bullish engulfing patterns showing aggressive buyer activity.
Moving Averages:
MA(5) and MA(10) (shown at bottom) are likely crossing bullishly — suggesting continuation upward.
Technical Outlook:
Bullish above $0.1345: If price holds above this, retesting and breaking $0.1428 could target higher levels.
Caution below $0.1237: Losing this level could lead to deeper pullbacks toward $0.1128 or $0.1020.
Overbought Warning: After a +53% run, some short-term correction or consolidation is natural.
Short-Term Strategy Ideas:
Breakout Play: Buy a breakout above $0.1428 with a tight stop.
Pullback Buy: Enter around $0.1345 or $0.1237 if price retraces.
