$BNB Buy Zone
๐ Key Observations
1. Sell Zone & Breakdown
Sell Signal near $647.30 in a resistance zone.
Volume on the red bar: -8701.14 โ heavy distribution and bearish pressure.
Price Reaction: Reversal started from this zone, confirming it as strong resistance.
2. Support Break
"Break Sup" label at ~637.50, confirming breakdown from a prior demand zone.
Volume Spike: 7043.39 during breakdown โ bearish conviction.
Price continued to decline post breakdown, entering a steeper downtrend.
3. Buy Signal (Reversal Zone)
Buy Triggered at ~$625โ$627 range.
Volume and Wicks: Long lower wick and immediate bounce suggest strong demand and possible short-term reversal.
Current Price: Rebounding around $630.01 โ $630.33
๐ Trend & Momentum
Trend: Clearly bearish in short term due to lower highs/lows and resistance break rejection.
Momentum: Weakening selling pressure, potential bottoming setup.
๐ Trade Setup Ideas
โ
Possible Long (Scalp)
Entry: $629โ$630
Target 1: $635 (bottom of previous supply)
Target 2: $640
Stop-Loss: Below $625
โ ๏ธ Caution
Major Resistance remains at $637.50โ$647 zone.
Ideal only for a short-term bounce, not yet a confirmed trend reversal.
