$BNB
Based on your 1-hour chart of BNB/USDT:
Key Observations:
Current Price: $598.83
24h High/Low: $601.89 / $595.23
Moving Averages:
MA(7): 597.18 (short-term bullish crossover forming)
MA(25): 598.85
MA(99): 600.19 (acting as resistance)
Recent Candles: Bullish momentum has picked up in the last 3 candles, showing a possible short-term recovery.
Resistance Area: $600–$603 is a strong resistance zone due to the MA(99) and previous candle tops.
Projection:
If momentum continues and volume stays strong:
$603 could be tested within the next few hours (1–3 hours).
However, it may face rejection or consolidation before cleanly breaking above $600–$603 due to heavy resistance.
Strategy Tip:
Watch for a candle close above $600.50 with strong volume to confirm continuation toward $603.
Set an alert slightly below $603 to catch the breakout or take profit if you're in a short trade.
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