BNB quickly rose to a high of 794.00 in early December and then retreated, currently fluctuating around 704.72. The current price is slightly above the 30-day moving average (yellow line) and the 100-day moving average (purple line), indicating a rebound trend, but the upward momentum is not strong. The moving average system shows a short-term bullish arrangement (7-day moving average > 30-day moving average > 100-day moving average), maintaining the rebound pattern.
First Support Level: 700 (psychological level and 30-day moving average intersection)
Second Support Level: 680 (near the 100-day moving average)
First Resistance Level: 720 (previous rebound high)
Second Resistance Level: 740 (pressure level on December 19)
Trading Volume: The trading volume has slightly increased during the recent rebound, indicating that buying power is strengthening, but there are no signs of a significant breakthrough yet.
Yesterday's Trend Review: Yesterday, the price fluctuated and tested the 700 support level, then rebounded and broke above 705, indicating that short-term bullish sentiment in the market is slightly dominant.
Today's Predicted Direction: Bullish
BNB's short-term trend is upward, but it needs to break the 720 resistance level to confirm stronger upward potential. Short-term buying can be done on dips, targeting the resistance levels at 720 and 740.
Opening Position: 700-705 area (psychological support and moving average support) buy on dips.
First Take Profit Level: 720 (previous rebound high) It is recommended to reduce positions here to lock in profits.
Second Take Profit Level: 740 (strong resistance level) If the first target is broken, you can continue to hold until this point.
Stop Loss Level: 690 (below the 100-day moving average) to control risk.
RSI: The RSI is above 50, indicating a rebound trend; if it breaks above 70, be cautious of short-term overbought risks.
MACD: The DIF line crosses above the DEA forming a golden cross, indicating a bullish trend signal.
Bollinger Bands: If the price breaks above the upper Bollinger Band (710-720 range), it may accelerate upward.
Position Building Suggestion: Gradually build positions in the 700-705 range on price pullbacks, controlling the position size.
Take Profit and Stop Loss: After reaching the first take profit target of 720, reduce positions by 50% and continue to hold the remaining positions until 740. If the price falls below 690, strictly stop loss and exit.
Dynamic Adjustment: If the price breaks above 720, you can increase your position and raise the stop loss to 705.
This strategy is based on the current candlestick chart and technical analysis, and needs to be dynamically adjusted according to real-time market conditions. Do not chase highs and cut losses rashly, and strictly execute stop-loss strategies to avoid risks.
The trading world is never calm, but precise strategies can bring stability. Follow Mr. Qiu to gain the perspective of a winner standing on the giant waves!
