$BNB
Market Structure:
1. Trend Analysis: The market shows a recent bearish move with lower highs and lower lows, indicating a short-term downtrend on the 15-minute timeframe.
2. Swing Points:
• High at 682.29
• Low at 664.02
These points mark a significant range, showing liquidity above the high and below the low.
Supply and Demand Zones:
1. Supply Zone: Around 682.29, where price faced strong resistance and a bearish reversal occurred.
2. Demand Zone: Near the 664.02 level, as it is the lowest point on the chart where price found temporary support.
Liquidity:
1. Liquidity Grab: The sharp spike to 682.29 likely took out buy stops before reversing, suggesting a liquidity sweep.
2. Sell-side Liquidity: Positioned below 664.02, as price tested this level without a strong breakout.
Moving Averages (MA):
• MA(7), MA(25), and MA(99): The shorter MAs (7 and 25) are crossing below the longer MA (99), signaling bearish momentum.
• The alignment supports continued downside unless a bullish crossover occurs.
Indicators Overview:
1. MACD: Bearish crossover confirms selling pressure.
2. Volume Analysis: High selling volume aligns with the price drop, supporting bearish sentiment.
Key Levels to Watch:
• Resistance: 673.17 (MA 25) and 673.18 (MA 99) are key resistance areas.
• Support: 664.02 is the immediate support level; a break below could trigger further downside.
SMC Strategy Insight:
1. Break of Structure (BOS): Watch for a clear BOS below 664.02 to confirm a continuation of the downtrend.
2. Order Blocks: Potential bearish order block near 682.29, as price sharply reversed from this level.
3. Fair Value Gaps (FVG): Look for price retracements to fill any FVGs before continuing in the trend direction.
Trading Plan Suggestions:
• Bearish Scenario: If price retraces to the supply zone (682.29) without breaking above, consider short entries targeting liquidity below 664.02.
• Bullish Reversal: If price holds above 664.02 and breaks back above 673.18 (MA 99), a short-term reversal could be in play.
