Based on the 1-hour chart for BNB/USDT,
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the setup shows short-term bullish momentum, but with signs of minor consolidation.
š BNB/USDT ā Short-Term Bullish Bias
Price: $797.78
24h Range: $749.53 ā $804.70
Change: +4.63%
š Technical Analysis:
Trend & MA Support:
Price is above all key MAs:
MA(7): 796.52
MA(25): 777.30
MA(99): 757.23
This alignment confirms a bullish structure.
RSI (6): 69.06
Near overbought, indicating strong buying, but some caution is needed for short-term entries.
MACD: Bullish
DIF: 9.26, DEA: 7.94, MACD Histogram: 1.32
Positive momentum continues, though it may slow if no new breakout occurs.
Candles:
Sideways consolidation after a strong breakout to 804.70.
Latest candle breaking above the yellow MA(7) again ā suggesting renewed buying interest.
š Trade Setup:
Entry Zone: $795 ā $800
Stop Loss: Below $783
Target 1: $810
Target 2: $825
> Optional aggressive target if breakout continues: $840
ā ļø Caution:
If BNB fails to break and hold above 804ā806, it may retest MA(25) near $777.
Watch for volume confirmation on breakout; current volume is declining slightly.
ā Summary:
Bias: šµ Bullish
Structure: Consolidating above support, preparing for next leg up
Signal Strength: Moderate to Strong.