Last night, the BNB price tested and broke through the first support level before quickly rebounding. The current trend has entered a critical observation period. 657 has become the core point of today’s long-short battle, and its breakthrough will directly determine the short-term trend direction:
- Bullish stabilization: If the 2-4 hour candlestick effectively closes above 657, it marks the end of the hourly pullback, and bullish momentum is expected to restart. Subsequent resistance levels are 668.2 (upper edge of previous concentrated trading area), 679.5 (daily trendline resistance), and 684.6 (important integer level and historical high). Breakthrough requires attention to volume support.
- Bearish-led pullback: If the 2-4 hour candlestick closes below 657, bears will regain control, triggering a pullback in the 2-4 hour timeframe. The lower support levels are 648.7 (short-term moving average support), 640.3 (previous low support), and 631.3 (historical strong support). If these support levels fail successively, it could trigger a larger decline.
Trading strategy suggestions:
- Long entry opportunity: After confirming that the 2-4 hour close stabilizes above 657, one can enter with a light position, setting a stop loss below 655; reduce position by 15% to lock in profits with each resistance level breached.
- Short strategy: If the price is under pressure and falls below 657, one can enter short when a rebound confirms the resistance level, setting a stop loss above 659, with targets sequentially looking at lower support levels.
Key points of risk control:
1. Position size for a single trade should not exceed 30%, and total holdings should be controlled within 50%;
2. Strictly execute the stop-loss plan, and prohibit arbitrary adjustments to stop-loss due to short-term fluctuations;
3. Pay close attention to the trends of mainstream coins like BTC and sudden market news, dynamically optimize strategies.
Summary: Today's core contradiction in BNB's trend focuses on the long-short competition at the 657 level. Stabilizing at this level will extend the upward trend and challenge higher targets; conversely, it will initiate a pullback. Everyone needs to closely monitor the 2-4 hour candlestick closing patterns, strictly adhere to position discipline, and flexibly respond to market changes to avoid potential risks.$BNB #BNB走势