$BNB /USDT: Binance Coin Recovery - Dead Cat or Real?
+0.26% today = barely green. -13.49% weekly, -32.23% monthly. Crashed to $604.51, now at $615.23.
The Play:
đ BUY Zone: $612-$615.23 (support above recent low)
đŻ Targets: $618 (24h high) | $622 | $628
đ Stop: $604
OR if rejection:
đ SHORT Zone: $618-$620 (resistance zone)
đŻ Targets: $610 | $604.51 (recent low) | $600
đ Stop: $625
Key Levels: Volume 144.12M USDT. Bottomed at $604.51, attempting recovery. Below MA(5) but above MA(10) = mixed. Strong volume candle suggesting buyers stepping in. Long-term damage: -32% 90-day, -25% 180-day, -2% 1-year.
V-shaped bounce from $604. Testing $618 resistance.
â ïž DYOR - BNB showing signs of life after brutal dump. Crashed to $604.51, now recovering to $615.23. BUT still down -13% weekly, -32% monthly. Even Binance's own token struggling = market-wide weakness. Strong volume spike could signal reversal OR bull trap. Break above $618 confirms, rejection sends it back to $604.
Risk Level: MODERATE đ„
