📉 $BNB BNB Technical Analysis & Signal – May 4, 2025 📈
🔥 BNB/USDT Update
As of May 3, BNB is trading around $598.22, showing signs of consolidation after a volatile Q1. The price is hovering near the EMA(200) at $598.45, indicating a potential inflection point.
💡 Key Technicals:
Support: $590 / $565
Resistance: $630
EMA 55 & 200 Converging – Suggesting indecision
MACD: Bearish crossover, signaling short-term weakness
RSI: 46.88 – Neutral zone, room for upward or downward movement
📊 Volume has decreased, hinting at an imminent breakout. Traders should watch for a break above $600 for bullish confirmation or a drop below $590 for a potential short setup.
🧠 Trading Idea:
Long Entry: $605 confirm brakeout with volume
Take profit: $630 - 655
SL: 590
Happy at trading 🎈
#bnb #TradingSignals #OnTheElephant #BinanceSquareFamily
