BNB/USDT Hits Major Supply Zone – Will the Bulls Hold or Fade?BNB/USDT (1H Chart) just tapped a high-interest supply zone between $610 - $616, showing signs of temporary exhaustion after a strong bullish breakout above the $597 resistance level. This zone previously rejected price twice and could offer either a pullback opportunity or a potential short setup.
Will BNB break through the important $600 level?In this idea I marked the important levels for this week and considered a few scenarios of price performance
If the local trend line breaks down, we can expect further correction to the first support zone, also near the 0.382 Fibonacci level
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A plan for BNB trading through the 27thMarked the important levels in this video for this week and considered a few scenarios of price performance
Locally, the price looks bullish. We have already seen a reaction from the level of $600, if the local top is renewed we may see growth to the level of $620
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BNDUSD Technical and Order Flow AnalysisOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that
Binance – Bearish Momentum Builds as $576.95 Resistance Holds The bearish sentiment surrounding Binance Coin (BNB) may continue to deepen, following the market’s failure to reclaim the critical resistance level at $576.95. After several weeks of consolidation, BNB’s price action is now tilting toward a continuation of the downtrend as sellers regain control.
Clear stop hunt, but Short opportunity here IMO on BNBUSDTWe see (as long as it keeps trending like todays pump is running out of upside) lower lows.
As simple as that really. And I think quick 1% drop without much thought.
Happy to add up to $581 but beyond that, I will let it go and just close my short. Enjoy!
Binance Coin (BNB) Takes a Hit: Bears Aim for Sub-$580 LevelsBinance Coin (BNB) is facing strong selling pressure after failing to maintain momentum above the $616.45 support level. The cryptocurrency has been struggling against broader market weakness, and today’s sharp drop confirms a bearish continuation pattern. With sellers in control, BNB is now eyeing
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