#Technical Analysis:
BNB/USDT
June 22
1D,
— General Trend:
🔻 Predominant bearish bias. The price is below the SMA(50), with synchronized signals of selling pressure in CCI, MACD, Parabolic SAR, and Momentum.
— Immediate Support Zone:
🟤 Critical area: 610 - 600 (psychological zone + proximity to the lower Bollinger band).
🧲 High probability of technical bounce due to oversold conditions (CCI: -148.62), but with little confirmed strength (weak ADX).
— Relevant Resistance Zone:
📍 Immediate resistance: 650 - 655 (last distribution range).
📍 Key decision zone: 670 - 680 (coincides with the SMA(50) and technical reversal area).
— Sentiment Indicators:
💤 RSI(14) at 38.13 and MFI(14) at 34.28 → market has not yet entered extreme oversold territory, but is weakened.
📉 MACD crossed to the downside and negative Momentum → confirms short to medium-term bearish intent.
⏳ TD Sequential at 10 bearish → possible exhaustion in the next 1-2 candles (monitoring for technical reversal).
🎯 Speculative Strategy:
— Scenario 1: Technical bounce from oversold zone
🔹 Entry: 610 - 620
🎯 TP1: 645
🎯 TP2: 665
🛑 SL: 596
👉 Moderate risk due to lack of clear bullish confirmation.
— Scenario 2: Bearish continuation if it loses 600
🔸 Entry: 598 (breakdown with volume)
🎯 TP1: 575
🎯 TP2: 560
🛑 SL: 612
👉 More aggressive risk but better R/R if momentum increases.
📌
The price of BNB/USDT is in a vulnerable zone, technically and emotionally, with active bearish pressure. However, there are signs of possible exhaustion in the short term. The key will be the behavior of the price around 610 USDT. A breakdown of that zone with volume would be bearish, while a technical bounce would make sense if support is maintained.
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
vc_custy
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