๐ $BNB /USDT Long Opportunity: Bounce from Support? ๐
BNB has faced a significant pullback recently, but the 4H chart is showing signs of a potential reversal as it holds strong above the $830 support zone.
With the RSI recovering from oversold levels, we are looking at a "Buy the Dip" setup toward previous resistance levels.
๐ Technical Breakdown:
* Support Zone: Strong historical buying interest near $833.00.
* RSI Indicator: Currently at ~38.44 (4H), moving up from the oversold territoryโsuggesting bullish momentum is building.
* Current Price: ~$854.65
โก Trade Setup:
* Entry Zone: $845.00 โ $855.00
* Stop Loss (SL): $828.00 (Below the recent low to manage risk)
๐ฏ Take Profit Targets:
* TP1: $863.30 (Immediate resistance)
* TP2: $876.50 (Mid-range recovery)
* TP3: $888.40 (Major 4H structural resistance)
โ ๏ธ Risk Management: Crypto markets are volatile. Use appropriate leverage (3x-5x recommended for swing trades)
What do you think?
Is BNB heading back to $900 or will we see one more dip?
Let me know in the comments! ๐
#BNB #cryptotrading #TechnicalAnalysis #BinanceSquare #TradingSignals $BNB
