- Current price: 4,598 USDT (at the time of this posting) - After failing to break through 4,950-4,960, it declined for a correction - MA(25) & MA(7) have crossed down indicating a sign of short-term selling pressure - Nearest support 4,555-4,520 (low of today).
If it breaks below 4,520, it could drop to 4,450-4,400 For safer scalping, wait for confirmation in the area of 4,550-4,520.
🔎 H4:
- The larger structure is still bullish (from low 3,540 to high 4,957) but is now entering a healthy correction phase. - Strong support at 4,450-4,400 (MA99 H4 + demand area) - Nearest resistance at 4,720-4,750
If the price rejects at 4,600 and then breaks 4,550, it could continue to drop to 4,400-4,300.
If it bounces strongly from 4,550-4,600, the rebound target is again 4,720-4,750. --------------------------- 🎯 Trading Setup
📈 Long Setup (buy the dip)
📍 Entry: 4,550-4,520
🎯 TP 1: 4,700 🎯 TP 2: 4,850 🎯 TP 3: 4,900
⛔ SL: 4,450
📉 Short Setup (continued correction)
📍 Entry: 4,650-4,700 (if rejected)
🎯 TP 1: 4,550 🎯 TP 2: 4,400 🎯 TP 3: 4,300
⛔ SL: 4,750 --------------------------- ⚠️ In essence:
$BNB I will try to break it down again for BNBUSDT
🔎 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
🔎 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
🔎 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 ------------------------------------- 🎯 Trading Setup