Trade Analysis $BNB Today
I just reviewed the price movement of $BNB on the 1-hour time frame. It is clear that BNB has experienced a significant uptrend from around 601 to a peak of 809.84. Currently, the price is correcting to the level of 760.60, approaching the MA(7) which is around 764.43. This correction, in my opinion, is still healthy as long as it does not break down below the MA(25) at 703.03.
The sharply increasing volume supports the previous rally, but is now starting to decline, indicating a consolidation phase. I will observe whether the price can hold above the 740 area before considering the next entry. With RSI and MACD starting to show potential weakening, I currently prefer to wait and see.
My strategy is simple: wait for strong support confirmation, then enter with strict risk management.
