$BNB /USDT – Bounce Attempt from Key Demand Zone🔑🤔🔐👇
🔹 Current Price: $658.25
🔹 Timeframe: 1h & 4h
🔹 Trend Structure: Short-term corrective, testing mid-supply
🔹 Candle Formation: Strong bullish engulfing off the lower bound
🔍 Technical Breakdown:
🔸 1H Chart Insight:📊
$BNB formed a mini double-bottom near the $648 zone.
Bullish CHoCH observed after structure break above $656.
RSI surging from oversold (34.16) to 48.25—bulls regaining short-term momentum.
Price currently tapping minor supply resistance near $664.
🔸 4H Chart Insight:📊
Price successfully defended the demand block at $648–652.
Trendline support and 200MA confluence held well.
CHoCH confirms reversal attempt.
RSI flipping from 37.49 to 39.63—early trend shift signals in play.
🧠 Strategy Thinking:
⚔️ Trade Plan:
If price sustains above $658 and reclaims $664 with volume, long scalps toward $670–690 are favored.
Stop-loss: $648
Target Zone: $670 ➡️ $690 ➡️ $700
Invalidation: Clean break and close below $648
🌍 Global Sentiment:
Binance ecosystem remains strong amid new product releases.
Market-wide recovery post-oversold phase may lift large-cap alts like $BNB .
Bitcoin stability above $68K improves sentiment for altcoins.
🔁 Pro Tip:
Patience at resistance. Wait for candle close above $664 before chasing upside continuation. Smart money reacts to confirmed strength, not early guessing.
🧭 "Discipline is the bridge between goals and profitable execution."
📌 Disclaimer: Not financial advice. Do your own research before investing or trading.
