Neutral Range-Bound! Trade BNB Breakout with Caution ⚖️
#BNBUSDT : Squeeze at $650! Prepare for Volatility Breakout"
- Price Action: BNB at $653.61 (+0.27%), sandwiched between MA(99)=646.07 (support) and MA(7)=654.16 (resistance).
- Momentum:
- STOCHRSI (21.19) < MA (23.46) → Weak upside.
- RSI(6)=40.9 (neutral-bearish).
- MACD=-0.86 (DIF < DEA) → Bearish bias.
- Volume: OBV=-1.2M (selling pressure) but bids dominate order book (66.3%) → strong support near $653.
- Macro Trend: -0.06% (30D), -10.28% (180D) → Bearish long-term, but 15.81% (90D) shows recovery potential.
Trade Strategy:
🔥 Breakout Confirmation Needed!
- Bullish Entry: Wait for close above MA(7) ($654.16) → Enter long at $654.50.
- Bearish Entry: Break below MA(99) ($646.07) → Short at $645.
🎯 Take Profit:
- If Long: TP1=$660 (liquidity above), TP2=$666 (July high).
- If Short: TP1=$640, TP2=$635 (180D support).
❌ Stop Loss:
- Long: $649 (below consolidation low).
- Short: $652 (above bid dominance zone).
#BNB #Breakout #Crypto #Trading
Standby until price breaks $654 or $646**. Trade with 2x leverage max. Exit if MACD flips positive (long) or RSI drops below 30 (short).