$BNB I will try to break it down again for BNBUSDT
š H1:
- Current price: 862 USDT
- Structure: correction after failing to break 883-887
- Nearest support: 854-850
- Near resistance: 870-875
MA(25) is still above the price (intraday sell pressure)
Usually, this is a scalp short area if it rejects at 870, but if a strong H1 close above 875, it could continue to rise to 885-890
š H4:
- Still in a major uptrend since the low of 730, but now entering a correction phase
- Strong support at 845-850
- If it breaks 845, it could continue down to 820-800
- If it bounces at 850, rebound target to 880-900
š D1:
- The trend is still largely bullish (from low 600 to high 901)
- Now in a healthy correction to the support area
- Major support 845-820 (demand zone + daily MA25)
- If the daily close breaks below 820, potential to drop deeper to 780-760
- If it holds & bounces, swing back target to 900-920
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šÆ Trading Setup
š Long Setup (counter/swing)
š Entry: 850-860
šÆ TP 1: 885
šÆ TP 2: 900
šÆ TP 3: 920
ā SL: 835
š Short Setup (Continuation)
š Entry: 870-875 (if reject)
šÆ TP 1: 850
šÆ TP 2: 820
šÆ TP 3: 800
ā SL: 885
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ā ļø Please note:
H1 & H4 = short-term correction, be careful if forcing long before 850 proves to hold.
D1 = the overall trend is still bullish, so if the correction finishes at 850-820, it's good for swing buy.
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