#CryptoComeback #BNB USDT Analysis:
This Binance Coin (BNB) against Tether (USDT) 4-hour chart integrates Smart Money Concepts (SMC), Fibonacci retracement levels, and Fair Value Gaps (FVG) to refine trade setups.
Key Market Structure & Indicators:
Fibonacci Retracement Levels:
0.382: 647.40 USDT
0.5: 642.51 USDT
0.618: 631.25 USDT
0.786: 619.99 USDT
These retracement zones highlight probable reversal points for trade entries.
Price Action & SMC:
Break of Structure (BOS) observed near 660.54 USDT, confirming trend continuation.
Change of Character (CHoCH) detected near 615.35 USDT, suggesting potential reversal.
Fair Value Gap (FVG) noted at 601.04 USDT, marking critical liquidity activity.
RSI & MACD Insights:
RSI: 77.68, indicating overbought conditions—potential retracement likely.
MACD: Momentum slowing, signaling possible consolidation.
Sell Strategy:
Entry: 660.54 USDT (Liquidity grab rejection near resistance)
TP1: 647.40 USDT (13.14 USDT gain)
TP2: 631.25 USDT (29.29 USDT gain)
SL: 670.00 USDT (9.46 USDT risk)
Buy Strategy:
Entry: 631.25 USDT (Fibonacci retracement support)
TP1: 647.40 USDT (16.15 USDT gain)
TP2: 660.54 USDT (29.29 USDT gain)
SL: 619.99 USDT (11.26 USDT risk)