Based on the BNB/USDT 4H chart
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Technical Analysis
Trend: After peaking at $861.10, BNB corrected sharply and found near-term support around $750.
Moving Averages (MA5 & MA10): Price is now slightly above both short-term MAs, suggesting a short-term bullish bias.
MACD: Recently turned positive (MACD 3.41) and histogram is growing, indicating bullish momentum may continue.
RSI(6): Currently at 71.10, which is slightly overbought but not yet extreme — could still push higher before a pullback.
Volume: Declining compared to the rally phase, but recent green candles show buying pressure is returning.
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Intraday Trading Signal – BNB/USDT
Strategy: Bullish bias with caution due to overbought RSI.
Entry Point(s):
Aggressive Buy: $758 – $764 (current consolidation zone)
Conservative Buy: On pullback near $750 if price retests support
Stop-Loss:
Aggressive Entry: $746 (below key support)
Conservative Entry: $735 (below previous swing low)
Take-Profit Target(s):
1. TP1: $780 (short-term resistance)
2. TP2: $795 – $800 (psychological resistance + previous intraday high)
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Risk Management Tip:
If RSI rises above 80, watch for bearish divergence or reversal signals.
Consider trailing stop after TP1 to lock in profits if momentum continues toward $800.
