$BNB Explodes Upwards
Professional Analysis and Trading Strategy to Capture Opportunities Before the Next Surge
Technical Analysis (BNB/USDT):
1. Current Price: 687.30 USDT (up +4.76%)
2. Technical Indicators:
Bollinger Bands: The Bollinger Band was previously narrow and then widened, indicating a recent price explosion.
RSI (Relative Strength Index): At 80.89 – in the overbought area, suggesting the possibility of a price correction.
MACD: The upward trend is strong, with a positive crossover between the MACD and Signal lines.
Moving Averages: The price is above MA(5) and MA(10), supporting the upward momentum.
Proposed Strategy: Swing Trading with Calculated Entry and Stop Areas
1. Entry Areas:
Initial Entry (on previous support): 668 – 672 USDT
Secondary Entry (if a deep correction occurs): 638 – 643 USDT
2. Stop Loss:
Below 628 USDT (below the 10-day moving average)
3. Take Profit Targets:
TP1: 698 USDT (above the current Bollinger)
TP2: 715 – 725 USDT (Fibonacci extension and momentum continuation)
TP3: 750+ if the upward channel continues and strong resistance is broken
Risk Tips:
Do not enter after high RSI saturation without retesting.
Watch trading volumes – an increase with each rise means the trend is continuing.
Immediate stop if a daily reversal candle forms, such as Bearish Engulfing.