💰 Current price: $BNB is trading at 699.84 USDT with a daily decrease of 16.00 USDT (-2.24%).
Technical analysis 🔍📊
4-hour timeframe (4H): 🔵 The price is moving in an upward channel but is testing the lower boundary. 📉 Moving averages (50 and 200) confirm the trend, but the 50 SMA hints at a possible slowdown.
1-hour timeframe (1H): 📈 A "double bottom" pattern is forming around the 680 USDT level — a possible upward reversal. ⚖️ RSI is in the oversold zone, indicating a rebound is imminent.
15-minute timeframe (15M): 📊 MACD shows a bullish signal (crossover) — a local growth momentum is expected.
5-minute timeframe (5M): 🟢 Bullish divergence on the RSI increases the likelihood of a quick reversal.
Analysis (SM) 🧠💼
Liquidity zones: 🏦 The 680 USDT level is a key area where major players may be active.
Order Blocks: 📍 The range of 670–680 USDT is marked as a bullish order block, signaling a zone of interest for Smart Money.
Trade recommendations 🚀
💵 Long position: Enter in the range of 670–680 USDT — a zone of liquidity and Smart Money activity.
⛔️ Stop-loss: Set at 650 USDT to minimize risks.
🎯 Take-profit: Target 740 USDT — the upper boundary of the channel and the nearest resistance level.
Risk-to-reward ratio (RRR): ⚖️
📐 With these parameters, RRR = 1:3, which corresponds to sound risk management. 💡
Conclusion 🏁
📌 BNB/USDT shows excellent opportunities for a long position due to Smart Money support and confirming signals from technical analysis.
💬 Keep an eye on news and updates to promptly adjust your strategy. 🌟
⚠️ Disclaimer: This analysis is not financial advice. Always conduct your own analysis before making decisions. 🛡