🔥 $BNB /USDT – Testing Crucial Support
Current Price: $867.62 (-1.58%)
Binance Coin is trading near $873.87 on the 1H chart, finding it challenging to stay above support after pulling back from the $960 area.
Key Levels to Monitor:
Resistance: 920, 960
Support: 874, 840, 800, 760, 720
Potential Scenarios:
Bullish: A break above 920 could push BNB toward 960.
Bearish: Failing to hold 874 may lead to a deeper correction toward 840–800.
Trade Ideas (for study purposes):
Breakout Long: H1 close above 920 → target 960, stop below 900
Pullback Long: Bounce from 840–874 → target 920
Fade Short: Rejection wick at 920 → target 874, stop above 930
⚠️ Risk Note: BNB can make sharp moves near key support levels. Waiting for confirmation candles can help avoid false breakouts.
