BNB/USDT: Consolidating at MA60 pivot, awaiting the next move ⚖️
BNB is trading at $891.30, up +0.05% today, showing consolidation near a key technical level. The price holds above the 60-period moving average ($890.56) directly, which now acts as immediate support. The daily range is defined by resistance at $897.58 and support at $878.18, providing clear boundaries for potential breakouts or pullbacks.
Trading Idea (trading around the pivot and breaking the range):
Scenario 1 (Buy at MA60 support):
Entry zone: $890.50 – $892.00 (near MA60 support bounce)
Stop Loss (SL): Below $888.00 (break of MA60 structure)
Take Profit Targets (TP):
TP1: $895.00 (initial resistance)
TP2: $897.50 (approaching 24-hour high)
Scenario 2 (Sell on MA60 support break):
Entry condition: Losing MA60 and dropping below $889.50
Stop Loss (SL): Above $893.00
Take Profit (TP): $885.00 → $880.00
Trading volume is notable at $85.57 million. The market is in a narrow consolidation phase; a decisive move away from MA60 will likely determine the near-term direction.