Figure: Binance BNB/USDT 4-hour chart with Parabolic SAR (yellow dots) and MACD (bottom). Price recently peaked near 610.75 (Apr 28) then dropped to ~591.42 (Apr 30). Current price ~599.6. Parabolic SAR dots have flipped above price (bearish), and MACD lines are negative, suggesting downward momentum.


Trend & Indicators: The Parabolic SAR (yellow dots) is currently above the price, signaling a downtrend. In uptrends SAR dots appear below price, and in downtrends they switch above. The SAR is at ~605.7 (on chart), above the current ~599 price, which confirms a bearish bias. The MACD indicator (bottom pane) shows the MACD line just crossing below the signal line, with both lines below zero. A MACD line crossing below the signal line is typically a sell signal, and negative MACD values further indicate weak momentum. The MACD histogram has small red bars near the zero line, reflecting muted bearish momentum.


Support & Resistance: Price recently tested support around $591.4 (the Apr 30 low). Key support zones lie near ~$592 (recent low) and psychologically ~$600. Investopedia notes that in a downtrend, falling prices become increasingly attractive to buyers, eventually halting the decline at support levels. On the upside, resistance is forming near $603–606 (recent swing highs) and stronger around $610. Notably, a Binance analysis also identifies major resistance at ~$606–610 and support near $598–600. Thus, price is currently trapped between ~$591–600 support and ~$603–610 resistance, indicative of a consolidation range.


Entry, Stop, and Targets: Based on the downtrend signals, the recommended trade is a short (sell) on BNB/USDT. An ideal entry is around the current level (≈$599) or on a brief rebound toward resistance (e.g. $600–602) where indicators remain bearish. The stop loss should be placed above the recent swing high/SAR dot — for example $607–610 — to allow for normal volatility without getting stopped out prematurely. This aligns with placing a stop just beyond the SAR value, since a price move above the SAR (~605.7) would reverse the bearish signal. The first take profit (TP) target is near the recent support at $591 (the prior swing low). A break below $591 could lead to a further drop toward $585–580 (next historical support zones). These TP levels are justified by chart history (prior lows at ~$591, then ~$585) and by support zones identified in analysis.


Rationale: This setup follows classic indicator signals. The Parabolic SAR has flipped above the candles (trend reversal to bearish). According to Wilder’s SAR strategy, a cross above price suggests a sell/reversal signal. The MACD line is below its signal line (bearish crossover) and both are below zero, reinforcing downside momentum. Volume appears modest (consistent with sideways action); generally, low volume during consolidation often precedes a breakout or breakdown. Given the confluence of bearish indicators and resistance overhead, a downside break is favored. The stop is placed above resistance/SAR to “trail” the trend – beyond that reversal point. If price instead breaks above $610 decisively, it would invalidate this bearish setup and reverse SAR to bullish.


Summary



  • Entry (Short): ~$599–600 (current level or on minor rally to resistance) – Parabolic SAR above price and MACD bearish indicates selling pressure.


  • Stop Loss: ~$607–610 (above recent highs/SAR) – beyond the SAR value, as a move above SAR (~605.7) would signal a trend flip.


  • Take Profit: $591 (first target at last swing low support). Further TP near $585–580 if breakdown continues (next support zone).


  • Rationale: Indicators confirm downtrend (SAR dot above price, MACD below signal). Price is consolidating near support with low volume, suggesting likely continuation of the recent decline.


Each recommendation aligns with the 4H chart signals: SAR and MACD confirm bearish momentum, resistance at ~$603–610 caps upside, and support at ~$591 is the logical target for a breakdown.$BNB