BNB/USDT Perpetual (30-Min Chart) – Binance Analysis
BNB/USDT Perpetual (30-Min Chart) – Binance Analysis
Market Overview
BNB/USDT is currently trading at $656.82, showing a bearish bias (70%), indicating a potential continuation downward.
Price is rejecting from the supply zone (~$684.50), confirming bearish momentum.
EMA 100 and EMA 50 are acting as resistance, reinforcing the downtrend.
A key demand zone is located around the $652 area, suggesting potential support.
Key Technical Levels
Supply Zone (Resistance): $684.50 - $692.39
Immediate Support: $663.64 (TP3 Level)
Major Demand Zones (Support Levels):
$656.33 (TP4 - Support Level)
$652.00 - $651.05 (Demand Zone, Strong Buy Zone)
Trade Setup & Strategy
📌 Bearish Continuation Setup (Trend Following)
Entry: Below $668.72 (Break and retest of EMA 100 resistance)
Targets (TPs):
$671.72 (TP1 - First Target, Fib 0.382 Retracement)
$667.78 (TP2 - Second Target, Fib 0.5 Retracement)
$663.83 (TP3 - Third Target, Fib 0.618 Retracement)
$656.33 (TP4 - Stronger Support Zone)
$651.05 (Full Bearish Move, TP5 - Key Demand Zone)
Stop-Loss: Above $684.50 (Break of supply zone invalidates bearish setup)
📌 Bullish Reversal Setup (Counter-Trend Play, High-Risk)
Entry: $651.05 (Demand Zone Buy Entry)
Targets (TPs):
$656.33 (First Target, TP1)
$663.83 (EMA Resistance, TP2)
$671.72 (Major TP, TP3)
$684.50 (Full Recovery, TP4)
Stop-Loss: Below $642.99 (Break of demand zone invalidates bullish setup)
Conclusion
Currently bearish, targeting lower support zones around $656 - $651.
If price holds $651.05 demand zone, a reversal could push towards $671+.
A breakout above $684.50 would shift bias to bullish.
Would you like lower timeframe confirmation (5m or 15m) for refined entry points? 🚀
Market Overview
BNB/USDT is currently trading at $656.82, showing a bearish bias (70%), indicating a potential continuation downward.
Price is rejecting from the supply zone (~$684.50), confirming bearish momentum.
EMA 100 and EMA 50 are acting as resistance, reinforcing the downtrend.
A key demand zone is located around the $652 area, suggesting potential support.
Key Technical Levels
Supply Zone (Resistance): $684.50 - $692.39
Immediate Support: $663.64 (TP3 Level)
Major Demand Zones (Support Levels):
$656.33 (TP4 - Support Level)
$652.00 - $651.05 (Demand Zone, Strong Buy Zone)
Trade Setup & Strategy
📌 Bearish Continuation Setup (Trend Following)
Entry: Below $668.72 (Break and retest of EMA 100 resistance)
Targets (TPs):
$671.72 (TP1 - First Target, Fib 0.382 Retracement)
$667.78 (TP2 - Second Target, Fib 0.5 Retracement)
$663.83 (TP3 - Third Target, Fib 0.618 Retracement)
$656.33 (TP4 - Stronger Support Zone)
$651.05 (Full Bearish Move, TP5 - Key Demand Zone)
Stop-Loss: Above $684.50 (Break of supply zone invalidates bearish setup)
📌 Bullish Reversal Setup (Counter-Trend Play, High-Risk)
Entry: $651.05 (Demand Zone Buy Entry)
Targets (TPs):
$656.33 (First Target, TP1)
$663.83 (EMA Resistance, TP2)
$671.72 (Major TP, TP3)
$684.50 (Full Recovery, TP4)
Stop-Loss: Below $642.99 (Break of demand zone invalidates bullish setup)
Conclusion
Currently bearish, targeting lower support zones around $656 - $651.
If price holds $651.05 demand zone, a reversal could push towards $671+.
A breakout above $684.50 would shift bias to bullish.
Would you like lower timeframe confirmation (5m or 15m) for refined entry points? 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.