$BNB /USDT: Binance Coin Reversal - Dead Cat or Real Deal?
+1.69% today = recovery attempt. -5.59% weekly, -34.37% monthly. Bottomed at $595.38, rallying to $617.23.
The Play:
📈 BUY Zone: $615-$617.23 (support above recent bottom)
🎯 Targets: $619.39 (24h high) | $622 | $628
🛑 Stop: $610
OR if rejection:
📉 SHORT Zone: $619-$620 (24h high resistance)
🎯 Targets: $612 | $608 | $600 | $595.38 (recent low)
🛑 Stop: $624
Key Levels: Volume 123.05M USDT. V-shaped recovery from $595.38 to $619.39, now consolidating at $617.23. Above MA(5), approaching MA(10) = improving. BUT still damaged: 90-day -32%, 180-day -26%, 1-year -10%.
Strong bounce from $595. Testing resistance.
⚠️ DYOR - BNB showing life after capitulation. Bottomed at $595.38, pumped to $619.39, holding $617. Up +1.69% today but still down -34% monthly. This could be: (1) Real reversal if breaks $620, OR (2) Dead cat bounce if rejected. Watch $619.39 resistance closely. Break = continuation to $628, rejection = retest $595.
Risk Level: MODERATE 🔥
