BNBUSDT – Possible Retest and Key Support Areas
Price has decisively broken the ascending trendline. A retest of that trendline is now likely, followed by a potential move down toward the first support zone (light blue box) between $630 and $640.
📌 Main scenario:
A strong bounce from this area could mark the beginning of a trend reversal (personally, I don’t think it will drop much further).
However, if bearish pressure continues, the key levels to watch are:
$610/$620 – the two dashed black lines inside the Fair Value Gap.
$600 – second support.
$580/$590 – final and most important support, a critical area for the trend structure.
📍 Price action to be watched closely in the coming hours.
Price has decisively broken the ascending trendline. A retest of that trendline is now likely, followed by a potential move down toward the first support zone (light blue box) between $630 and $640.
📌 Main scenario:
A strong bounce from this area could mark the beginning of a trend reversal (personally, I don’t think it will drop much further).
However, if bearish pressure continues, the key levels to watch are:
$610/$620 – the two dashed black lines inside the Fair Value Gap.
$600 – second support.
$580/$590 – final and most important support, a critical area for the trend structure.
📍 Price action to be watched closely in the coming hours.
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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.
🚀Get free crypto signals, strategies, market insights & tools I personally use.
📌 t.me/cryptolvke
📌 t.me/cryptolvke
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.