🚀 $BNB /USDT Analysis: Is the Bull Run Resuming?
The current chart for BNB/USDT is showing some very interesting consolidation patterns. After testing the local lows, we are seeing signs of a potential breakout! 📈
🔍 Technical Breakdown:
Current Price: $620.37
• Trend: The price is currently fighting to stay above the MA(7) @ 618.20 and MA(25) @ 621.75. We are in a crucial "decision zone."
• Volume: We see a steady accumulation. The green buy orders represent 74.36% of the order book, showing strong buyer dominance! 💪
🎯 Key Levels to Watch:
•Major Resistance: $642.49 (A break above this level will trigger a fast move towards $680+).
• Critical Support: $592.49 (We must hold this level to keep the bullish structure intact).
• Long-term Target: If the momentum continues, $710 is the next major psychological barrier.
💡 My Trade Plan:
• Entry: Look for a 4H candle close above $625 for confirmation.
• Take Profit (TP): $642, $680, and $710.
• Stop Loss (SL): Tight SL below $590.
Market Sentiment: The bulls are clearly in control of the order book. Don't ignore the high buy-wall! 🛡️
What do you think? Are we heading to $700 or another dip? Let me know in the comments! 👇
#bnb #cryptotrading #BinanceSquare #TechnicalAnalysis #Bullrun
