Based on the 4-hour chart of $BNB /USDT,
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๐ Technical Analysis:
Trend: BNB is in a strong uptrend, forming higher highs and higher lows since bottoming near $601.
Parabolic SAR: Bullish โ SAR dots are below the price, indicating upward momentum.
RSI (6): At 71.63, suggesting slight overbought conditions โ price may pull back before continuing higher.
MACD: Histogram is flattening near the zero line โ momentum is pausing but not reversing.
Volume: Volume remains healthy, confirming price strength.
Key Resistance: Around $791 (recent local high).
Support Zone: Around $745 โ $750, which aligns with prior consolidation and breakout area.
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๐ฏ Intraday Trading Signal (Long Setup):
๐ฅ Entry Point(s):
Ideal: $765 โ $770 (on minor pullback to support zone)
Aggressive: Current market price ~$778
๐ก๏ธ Stop-Loss Placement:
$744 (below recent support and last major bullish candle)
๐ฏ Take-Profit Target(s):
TP1: $791 (recent high/resistance)
TP2: $810 (next psychological level and fib extension area)
TP3 (optional swing): $835
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๐ Summary:
Parameter Value
Trend Bullish
Entry $765 โ $770
Stop-Loss $744
TP1 $791
TP2 $810
TP3 (swing) $835
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โ ๏ธ Notes:
If RSI crosses above 75, be cautious of short-term reversal.
Use trailing stop if price breaks above $791 to secure gains.
Avoid long entry if price drops below $744 with volume spike โ could signal trend reversal.