Profession: $BNB ETH/USDT (1H Chart)
Market Overview
Current Price: $3,298.60
24H High: $3,460.79
24H Low: $3,265.44
24H Volume (ETH): 466,980.77
Trend Analysis
The chart shows a downward correction following a rejection near $3,460. The current price is consolidating around $3,298, suggesting indecision. This provides an opportunity for both long and short trades depending on price movement near support or resistance zones.
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🔵 Long Trade Setup
Entry Level: $3,310 (On confirmation of bounce)
Targets:
🎯 Target 1: $3,360
🎯 Target 2: $3,420
Stop Loss: $3,280
Reasoning
A reversal from the current level would indicate buyers gaining strength, with potential to reclaim higher resistance zones near $3,360 and $3,420.
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🔴 Short Trade Setup
Entry Level: $3,290 (Breakdown below current consolidation)
Targets:
🎯 Target 1: $3,260
🎯 Target 2: $3,220
Stop Loss: $3,320
Reasoning
A breakdown below $3,290 would indicate bearish momentum. The next support levels lie at $3,260 and $3,220, with significant volume confirming a downward move.
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Chart Summary
📊 Resistance Levels: $3,360, $3,420
📉 Support Levels: $3,290, $3,260, $3,220
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Let me prepare a visually appealing chart with these trade setups. One moment!
