🚀 $BNB Ready for Next Leg Up? | Technical Setup
The $BNB chart is looking primed! After a vertical surge from $906, we are seeing a healthy consolidation phase. The bulls are defending the trendline, and the Moving Averages are beginning to cluster for a potential "Golden Cross" on the 30m timeframe.
📉 The Trade Setup:
Direction: Long 🟢
Entry Zone: $938 - $942 (Current Price action)
Primary Target: $955 (Previous Local High)
Moon Target: $970+ (Breakout Confirmation)
Stop Loss: $928 (Below the recent swing low and trendline)
🔍 Technical Insights:
Trendline Support: BNB is respecting a clear ascending support line (visible in the chart). As long as we stay above $935, the bias remains bullish.
MA Ribbon: The MA(7) and MA(25) are narrowing. A clean break above the MA(99) (purple line) could trigger a rapid move toward $960.
Volume Check: Volume is cooling off during this sideways move—this often precedes a high-volatility breakout.
"Patience is a virtue in trading. 🧘♂️ BNB is squeezing into a tight range. Will we see $1,000 soon? Keep a close eye on the $945 resistance—once that flips to support, it’s off to the races! 🏎️💨"
