🔥 BNBUSDC Alert: Key Resistance at $699! Long Squeeze Risk (80% Longs) – Trade Setup Inside 🚀
### Key Signals to Watch 📊
✅ Bullish Indicators:
- MACD ↗️: Positive crossover (DIF > DEA = +1.04)
- Price Above SAR (636.66): Bullish trend continuation signal.
- RSI(6): 60.69: Approaching overbought but still in bullish territory.
⛔ Caution Flags:
- OBV: -169,854.86: Selling pressure despite price rise (bearish divergence).
- Volume ↓: Current volume (51.5K) below 5-day MA (109.2K) – weak momentum.
- Crowded Longs: 80.31% long dominance (LS Ratio: 4.08) – risk of a squeeze.
📉 Resistance Ahead:
- Immediate resistance at 693.18 and 699.56 – watch for breakout/retest.
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### Strategy & Recommendation 🎯
⚠️ Wait for Confirmation!
- Aggressive Traders:
- Consider long only if price breaks 699.56** with volume surge.
- Stop-loss: Below SAR (636.66) or key support at 663.08.
- Conservative Traders:
- Wait for RSI < 50 or OBV reversal to align with price action.
- Monitor Stochastic RSI (39.66) – bullish if crosses above 50.
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💡 Pro Tip: A volume spike above 100K** could validate bullish momentum!