Based on the 4-hour chart for BNB/USDT,
๐ Technical Analysis:
Trend: Strong bullish momentum with higher highs and higher lows.
Price Action: BNB has broken above key resistance at ~$701 and hit a high of $765.56.
Volume: Significant uptick in volume confirms the breakout.
RSI: Currently at ~78.50 โ indicates overbought territory, so a short-term pullback or consolidation is possible.
MACD: Bullish crossover, with widening distance between MACD and signal line โ momentum supports further upside.
Parabolic SAR: Dots are below price โ bullish continuation signal.
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๐ Intraday Trading Signal (BNB/USDT)
โ Entry Point(s):
Primary Entry (on breakout continuation): $740โ$745
Alternative Entry (on pullback): $720โ$725 (retest of breakout zone + SAR support)
๐ก๏ธ Stop-Loss Placement:
Below support level at: $705
(Protects against a false breakout or sharp correction)
๐ฏ Take-Profit Targets:
1. TP1: $765 (previous high)
2. TP2: $785 (next psychological resistance)
3. TP3 (extended): $800 (round-number resistance + possible breakout extension)
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โ ๏ธ Risk Management Tip:
Use 25โ30% capital at first entry, add more on confirmation or breakout above $765.
Avoid chasing if RSI spikes further โ watch for consolidation or retest setups.
