📊Technical analysis $BNB /USDT — 15min/1h timeframe
Current price ≈ 604.73 USDT -0.98% drop, sharp decline from ~624 highs, accelerating downside with red candles.
Price action & Bollinger Bands: Price near lower BB (UP ~621.73, MB ~612.32, DN ~602.91). Bands expanded on down move, price hugging lower band — oversold extension, potential short-term bounce/consolidation.
Volumes: Current ~16K, MA(5) ~35K, MA(10) ~35K — volume spike on recent red candles (selling pressure), now elevated on downside. Watch for dry-up on dips or surge on green.
Key indicators:
• MACD: Strongly negative (DIF -1.12, DEA 0.06, MACD -1.18), histogram bearish — momentum down.
• RSI(6/12/24): 35.33 / 41.47 / 44.38 — approaching oversold (RSI6 <40), exhaustion/bounce signal possible. Downtrend with oversold conditions + lower BB hug suggest short-term bounce likely before next leg down.
🟢Long (moderate-high risk) Entry: 602–605 (current or dip to DN) TP1: 610–615 TP2: 620–625 SL: 598–600 R/R: ~1:3+ Comment: Good if RSI bounce + volume on green. Oversold favors reversal/scalp.
🔴 Short (moderate risk) Entry: 610–615 (fade at MB) TP1: 600–598 TP2: 590–585 SL: 618+ R/R: ~1:3+ Comment: Strong if rejection at resistance + MACD down. Trend-aligned.
⚠️ Most likely scenario now Short-term bounce/consolidation from oversold levels (RSI<40) towards MB (~612) or slightly higher. Then possible continuation lower if no strong volume reversal. Shorts have structural edge in downtrend; longs only on clear bounce signals. High vol — tight risk, watch RSI/volume closely.