🚀 BNB Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 830 - 855
SL: 819
TP1–TP3: 877 / 925 / 950
Technical Analysis:
The analysis of the daily chart indicates a potential bullish reversal setup. After a period of correction, the price is currently testing a support zone near the lower Bollinger Band (approximately 828). This area has previously acted as a demand zone, suggesting a high probability of a bounce. Furthermore, the MACD indicator shows diminishing bearish momentum as the histogram bars are contracting, which often precedes a shift in trend or a strong relief rally. A bounce from this support level, confirmed by a daily close above the middle Bollinger Band (~877), would signal renewed buying interest.
Invalidation:
Only a break and daily close below the 819 support level would invalidate this bullish thesis.
