Mansoorpro
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$BNB "BULLTRAP OR REVERSAL?"
Hey guys!
Happy Sunday — hope your weekend’s going smooth!
BNB made a solid comeback from $520 to touch $600+, but now chilling at $587.56. The big question: Is this a real reversal or just another bulltrap?
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TECHNICALS (1H):
Resistance: $600.65 (Upper BOLL)
Support: $575–$565 zone
MACD: Bearish cross, momentum fading
Bollinger Bands: Price testing midline after upper rejection
Volume: Slowing — buyer strength weakening
Breakout from $520 was valid but not aggressive. ChOCh confirmed but could be just a liquidity grab. Watch for a clean retest.
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FUNDAMENTALS:
Pros: BNB Chain activity, deflation via token burns, Binance strength
Cons: Regulatory heat, slowing volume, macro pressure on crypto
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TRADING PLAN:
If retrace deepens, I’m eyeing $575–$565 as a re-entry zone (RBR setup).
If price pumps above $600.65 with strength, I’ll consider scalping on the momentum.
Invalidation: Break below $560 = back to bear watch.
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What's your move here? Drop your thoughts!
Also, help support my pinned post on the Square Content homepage — for all of us creators grinding with originality.
Stay safe & enjoy your weekend!
#Bnb $BNB
Hey guys!
Happy Sunday — hope your weekend’s going smooth!
BNB made a solid comeback from $520 to touch $600+, but now chilling at $587.56. The big question: Is this a real reversal or just another bulltrap?
---
TECHNICALS (1H):
Resistance: $600.65 (Upper BOLL)
Support: $575–$565 zone
MACD: Bearish cross, momentum fading
Bollinger Bands: Price testing midline after upper rejection
Volume: Slowing — buyer strength weakening
Breakout from $520 was valid but not aggressive. ChOCh confirmed but could be just a liquidity grab. Watch for a clean retest.
---
FUNDAMENTALS:
Pros: BNB Chain activity, deflation via token burns, Binance strength
Cons: Regulatory heat, slowing volume, macro pressure on crypto
---
TRADING PLAN:
If retrace deepens, I’m eyeing $575–$565 as a re-entry zone (RBR setup).
If price pumps above $600.65 with strength, I’ll consider scalping on the momentum.
Invalidation: Break below $560 = back to bear watch.
---
What's your move here? Drop your thoughts!
Also, help support my pinned post on the Square Content homepage — for all of us creators grinding with originality.
Stay safe & enjoy your weekend!
#Bnb $BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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