$BNB
BNBUSDT — Holding Critical Weekly Support for Trend Resumption
BNBUSDT is trading at $901.31, successfully defending the pivotal weekly support zone between $880 - $890 after a healthy pullback. This level represents the launchpad for its previous major leg up and a high-volume node of institutional interest. Holding this support is a strong bullish signal within the context of its primary uptrend.
Trade Plan (Long - Trend Support Reversal)
Entry (Long): $900 – $895 (on a confirmed bullish reversal pattern, such as a higher low forming on the 4H chart or a breakout above $905).
Target 1: $925 – $930 (immediate resistance and the 0.382 Fib of the recent pullback).
Target 2: $950 – $960 (retest of the yearly high region and the 0.618 Fib level).
Stop Loss: $880 (a decisive close below the weekly support and the 24h low invalidates the setup).
My View
This is a strategic level for BNB's bull market. The successful defense of this support, followed by a consolidation, indicates accumulation, not distribution. The most probable outcome is a powerful reversal from this zone, resuming the primary uptrend. This setup is for patient, high-conviction trend traders. Wait for the 4H structure to confirm a higher low or a breakout above $905 before entering to confirm buyer momentum has returned.
