FULL ANALYSIS ON $BNB COIN:EXPECTATION AND TAKE PROFIT
Here’s a full analysis of $BNB , covering what to expect this week, the next, and key profit-taking levels. I’ve carefully analyzed the price action from higher to lower timeframes to provide a clear outlook.
Let’s start with the Monthly Analysis ⬇️
Looking at the monthly chart you could see that BNB rise to 625$ and closed forming a resistance level
Then it was respected,market closed above the level in a form of a fakeout and then now coming back as a retest ⬇️
Here I indicated the level with a blue arrow
Here on the weekly ⬇️
Market trading on a trend line,showing clearly that market is respecting the trend line for the third time
MA 25 also shows that market is likely closing at 610$-620$ or above on Sunday 9th February with a long rejection candle
Identifying support and resistance gives you a clear picture of how the zone is closing on weekly
More like a retest on weekly ⬇️⬇️
Here I indicated it clearly with line pattern to make my followers understand it better.
Because I take time to serve ❤️🤗
On the Lower time we get some good confirmation on how market is trading on a strong support level after fake out
buy $BNB on spot wallet and hold ⬇️
Someone may ask where do I take profit ?
To serve my followers better I added the range here..
Take profit around 1160$-1180$,this is a possible psychological level market will rise to before decline.
Don’t forget to like and comment on this post, and follow me if you haven’t already—you don’t want to miss out!😊💥💥💥
I’ll be analyzing more potential coins like this to help you understand them better and decide whether they’re worth investing in.
Let me know in the comments which coin you’d like me to cover next. Also, are you investing in $BNB?