⚖️ #BNBUSDT : Bullish Breakout Test! Key Levels for Swing Trades 🔥
BNB is heating up at $665.56 (+1.11%)! Here’s my technical breakdown and high-probability setup:
🔍Critical Signals
1. Bullish Edge:
- MACD (1.99): Green bars expanding → Bullish momentum building!
- Bollinger Squeeze: Price pressing Upper Band ($667.77) → Breakout imminent.
- Long Dominance: 78.46% position value → Heavy institutional backing.
- RSI (62.5): Neutral → Room to climb before overbought.
2. Short-Term Risks:
- STOCHRSI (92.62): Overheated → Profit-taking likely near $668.
- OBV (-856K): Distribution underway → Weak retail volume.
- Basis Discount (-0.05%): Futures traders skeptical at highs.
### 🎯 Trade Strategy
- LONG Entry:
- Aggressive: $660-$663 (Retest of Upper Bollinger as support).
- Conservative: $655-$658 (MID Bollinger + 4h EMA confluence).
- TP Targets:
- 🎯 $673.56 (24h High) → 60% take profit.
- 🚀 $677+ (Breakout extension) → Trail remaining.
- SL: $649 (Below 24h Low & Lower Bollinger).
- SHORT Setup (If reversal confirms):
- Entry: Rejection at $667.77 (Upper Bollinger) + bearish 15m close.
- TP: $655 → $650 (Liquidity zone).
- SL: $670.
### ✅ Surety Rate:
- 75% Confidence in upside breakout! MACD + RSI support bullish bias, but watch STOCHRSI exhaustion.
### ⚠️ Key Levels:
- Support: $658 (MID Bollinger) → Must hold for bulls.
- Resistance: $667.77 → Break this = Acceleration to $673+!
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