Technical Analysis BNB/USDT
1. Key Indicators:
Current Price: 850.71 USDT (+2.27%)
Bollinger Bands (20,2):
Upper Band (UP): 864.66 (Resistance)
Middle Band (MB): 797.56 (Dynamic Support)
Lower Band (DN): 730.46 (Strong Support)
Current price approaching Upper Band, indicating potential overbought.
MACD (12,26,9):
DIF (26.28) > DEA (23.45) → Bullish signal.
MACD Histogram (2.83) positive, but small → Momentum starting to weaken.
RSI(6): 72.62 → Overbought. Potential correction or consolidation.
Trading Volume:
Vol. 24 hours: 50,880 BNB (low vs MA5: 281,200 BNB).
Low volume + overbought → Caution for reversal.
2. Important Levels:
Resistance: 864.66 (Upper BB), 876.37 (Last High).
Support: 797.56 (Middle BB), 730.46 (Lower BB).
Trading Strategy:
A. Bullish Scenario (Breakout):
Entry: If price breaks 864.66 with high volume (confirm breakout).
Target Profit: 876.37 (minor resistance), 900.00 (psychological).
Stop Loss: Below 850.00 (or Middle BB 797.56 for lower risk).
Risk Management: Use small lot (1-2% equity) due to overbought RSI.
B. Bearish Scenario (Reversal/Correction):
Entry: If price rejected at 864.66 and RSI drops from >70.
Target Profit: 797.56 (Middle BB), 730.46 (Lower BB).
Stop Loss: Above 865.00.
Confirmation: Wait for candle close below 850.00.
C. Scalping (15 Minutes):
Buy on bounce from Middle BB (797.56) with RSI <50.
Sell near Upper BB (864.66) with RSI >70.
Additional Notes:
Market Sentiment: Pay attention to Binance news (e.g., BNB burn, network updates).
Higher Timeframe (4H/1H): If main trend is bullish, corrections could be buying opportunities.
Supporting Tools: Use SAR for trailing stop or EMA 50 as dynamic support.
Disclaimer:
Always ensure to use stop loss. Combine with daily timeframe for broader context.
Crypto volatility is high, adjust risk according to your profile.