BNBUSDT analysis on the 1D timeframe
🔍 Overview Assessment:
- The current trend is bearish.
- Most recent high: 793.86.
- Most recent low: 500.
- Equilibrium level: 646.93.
- Current price: 601.21.
📉 Technical Indicators:
- All indicators such as MACD, Stochastic, RSI, and DMI are showing bearish signals.
📈 Important Levels:
- Resistance at: 647.03 and 618.69.
- Support at: 574.91, 560.73, and 514.82.
- Bearish FVG area at 618.69.
- Bullish FVG area at 574.91 and 560.73.
📌 Trading Idea:
- With the current bearish trend and the presence of the bearish FVG area, consider a short trade setup.
- Entry point: Consider selling when the price approaches the resistance area of 618.69 or after a bearish reversal signal from this area.
- Take profit target: 560.73 or 514.82.
- Place stop-loss at the nearest swing high or above the resistance level of 618.69.
🌌 My Expectations:
- I expect the price may continue the bearish trend, especially if it does not break above the resistance area of 618.69.
- If the price breaks the support at 574.91, it may continue to decline towards 560.73 and 514.82.
📝 This is not investment advice, just an educational report. Always consider and confirm before entering a trade.
