1. Summary
$BNB recently made a new high and is retesting the resistance area around 863–875 USDT; actual trade scenario: wait for a 1H breakout with volume or a pullback with rejection to enter. • Current price is around 854 USDT; catalyst: recent large burn program and community/AMA activities from Binance.
2. Analysis
Short-term bias: neutral → bullish if 1H closes above 864–868 with increased volume; near support at 833 (demand zone), support guard at 809; swing high near 883–884. 1H RSI is in the high range (~70+) — warning of short-term overbought and pullback risk. Fundamentally, BNB benefits from the quarterly burn mechanism (recently had a large burn of ~1.6M BNB) helping to reduce supply and strengthen the deflationary narrative; ecosystem upgrades & listing/partnership activity continue to attract liquidity. Monitor on-chain: recent reduction in circulating supply (~139M+ reported) and inflow into BNB-denominated products could have a strong impact.
3. Strategy
Entry:
• Scenario A (breakout): buy on probe when 1H closes > 864 USDT with increased volume (limit/probe).
• Scenario B (pullback): buy on wick rejection and 1H bullish at 835–842 USDT (near support zone).
Stop-loss:
• With breakout entry: SL = 832 USDT (below zone 833 to avoid false break).
• With pullback entry: SL = 806–810 USDT (below guard zone 809).
TP1 / TP2:
• TP1: 880–888 USDT (take part of the profit at swing high).
• TP2: 920–1,000 USDT (expansion zone — consider lowering if liquidity is thin).
Exit triggers: emergence of unlock news/large sell pressure from whales, strong inflows into CEX, or RSI maintaining >80 with decreasing volume → trim/exit early. Prioritize limit/probe to reduce slippage; consider ATR when sizing SL.
