Let’s dive into BinanceCoin (BNB) analysis.
👀 BNB 4H Overview
BNB is currently moving inside a consolidation box on the 4H timeframe, with volume steadily decreasing inside this range. A breakout from either the top or bottom of the box could trigger a strong move. Price is now approaching the key resistance at $915.
📊 Volume Analysis
Price pushed into resistance with a clear volume divergence, and after sellers stepped in with increased selling volume, BNB was rejected downward. If selling volume continues to rise, the newly-formed support zone may break, allowing price to move lower.
✍️ BNB Trading Scenarios
🟢 Long Scenario 1:
A breakout above $915 with strong buying volume and a volatility-range break above 61.63 can provide a solid long setup.
🔴 Short Scenario:
A breakdown of the newly-formed multi-timeframe support at $864, confirmed by increasing selling volume, can create a valid short opportunity.
🧠 Protect your capital first. No setup is worth blowing your account. If risk isn’t controlled, profit means nothing. Trade with rules, not emotions.
✅ Trade here on $BNB
