Coin name - #BNBUSDT
Signal type- long
Read Till the End You Won’t Regret It!
Hello binance square fam! Here i can see a descending trendline as a resistance in a 1D tf chart of $BNB coin chart. The price breaks the 1D tf resistance. which indicate a shift from bearish to bullish .Price here also forms a ascending triangle pattern or you can say a starting of a rising wedge and then there's a FVG in 1h tf where liquidity might be filled before a reversal continuation. And also there's a OB in 1H tf where seller might step in based on previous price action. Rsi indicating increasing momentum . according to my analysis price will go upward for a certain time then it could fall again but here's a catch we will grab this opportunity to book our profit before the downward move.
The USDT.D chart shows a descending channel with lower highs and lower lows, confirming a downtrend. On the 1D timeframe, a support zone and nearby FVG suggest a potential demand area for a price rebound. The Change of Character ChoCh indicates a possible shift from bearish to bullish sentiment, hinting at a trend reversal.
Trade Setup : LONG
Entry - 578.12
Tp - 589.11
SL - 564.06
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