“BNBUSD Educational Breakdown – Support Rejection with $846 Target in Sight”
Market Structure Overview:
BNBUSD is exhibiting a bullish market structure after forming a textbook higher low at the major demand zone near $740–$750. This zone has been historically significant, offering strong rejections and triggering aggressive bullish rallies.
A new bullish wave appears to be forming after price respected the ascending trendline and reclaimed the supertrend level, now acting as dynamic support around $782.2.
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🔧 Technical Confluences:
• Support Zone: Highlighted between $738–$750, serving as a demand base. Recent price rejection here confirms buyers’ dominance.
• Trendline Support: Price has respected an ascending trendline, signaling short-term trend continuation.
• Supertrend Confirmation: Trend flip has occurred—price is now trading above the Supertrend line, indicating a fresh bullish momentum phase.
• Break of Structure (BoS): Minor resistance around $784–$790 was breached, suggesting bullish continuation.
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🎯 Target Projection:
Using recent swing highs and market symmetry, the next logical resistance lies at $846.9, aligning with the previous supply zone. This target also fits within the measured move from the support base to previous highs.
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📈 Trade Plan (Educational Only):
• Long Bias Zone: Between $770–$780
• Invalidation Level: Below $738 (loss of support structure)
• Target: $846.9
• Risk-Reward: Roughly 1:2.5 – favorable for swing traders
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📚 Educational Note:
This chart is an excellent example of:
• Structure trading (support/resistance)
• Trend confirmation using a dynamic indicator (Supertrend)
• Risk-managed entries with clearly defined stop-loss and take-profit zones.
Market Structure Overview:
BNBUSD is exhibiting a bullish market structure after forming a textbook higher low at the major demand zone near $740–$750. This zone has been historically significant, offering strong rejections and triggering aggressive bullish rallies.
A new bullish wave appears to be forming after price respected the ascending trendline and reclaimed the supertrend level, now acting as dynamic support around $782.2.
⸻
🔧 Technical Confluences:
• Support Zone: Highlighted between $738–$750, serving as a demand base. Recent price rejection here confirms buyers’ dominance.
• Trendline Support: Price has respected an ascending trendline, signaling short-term trend continuation.
• Supertrend Confirmation: Trend flip has occurred—price is now trading above the Supertrend line, indicating a fresh bullish momentum phase.
• Break of Structure (BoS): Minor resistance around $784–$790 was breached, suggesting bullish continuation.
⸻
🎯 Target Projection:
Using recent swing highs and market symmetry, the next logical resistance lies at $846.9, aligning with the previous supply zone. This target also fits within the measured move from the support base to previous highs.
⸻
📈 Trade Plan (Educational Only):
• Long Bias Zone: Between $770–$780
• Invalidation Level: Below $738 (loss of support structure)
• Target: $846.9
• Risk-Reward: Roughly 1:2.5 – favorable for swing traders
⸻
📚 Educational Note:
This chart is an excellent example of:
• Structure trading (support/resistance)
• Trend confirmation using a dynamic indicator (Supertrend)
• Risk-managed entries with clearly defined stop-loss and take-profit zones.
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.