Current Chart Analysis
1. Price & Trend:
- Current price: 838.30 USDT (near 24h high of 840.79).
- Bullish trend confirmed:
- Price above all EMAs (7-day=811.61, 25-day=778.60, 99-day=707.21).
- Short-term EMA (7) > Medium-term EMA (25) > Long-term EMA (99).
2. Key Indicators:
- RSI(6) = 79.68: Overbought territory (above 70). Signals strong momentum but also warns of potential pullback.
- MACD Positive: DIF (23.05) > DEA (20.31), with histogram +2.74 – confirms bullish momentum.
- Resistance: 861.10 is the next major level (historical high candidate).
3. Risks:
- RSI overbought: Short-term correction possible before further upside.
- Event risk: Spot trading pairs removed on **2025-08-15** (may increase volatility).
Will 861.10 Be Reached?
- Yes, likely – but not immediately.
- Bullish momentum (MACD, EMAs) supports upward movement.
- 861.10 is only +2.7% from current price (838.30), making it achievable if the trend holds.
- However, RSI overbought suggests a minor dip or consolidation may occur first.
Trading Plan
- Entry:
- Wait for pullback to EMA support (811-820)** OR break above 840.79 (24h high) with volume.
- Target: 861.10 (historical resistance).
- If broken, next target: 900.00 (psychological level).
- Stop-Loss: 797.70 (below 24h low and EMA-25 support).
- Protects against trend reversal.
Visual Summary
```
Price Levels Indicators & Targets
┌─────────────────┐ ▲ 861.10 (TARGET)
│ 861.10 │ │
│ │ │
│ 840.79 (24h high) │
│ 838.30 (Current)│ │
│ │ │
│ │ │
│ 825.37 (Support) │
│ 797.73 (24h low)▼
└─────────────────┘ STOP-LOSS: 797.70
Key Advice
1. Confirm breakout: Only enter if price closes above 840.79 (rejects false breakouts).
2. Manage risk: Tight stop-loss at 797.70 (-4.8% risk from current price).
3. Watch events: Exit before 2025-08-15 (trading pair removal) if volatility spikes.
Conclusion: 861.10 is achievable$BNB , but patience for optimal entry and strict stop-loss are critical. Trade light until RSI cools below 70.
