The market sentiment has hit rock bottom, and history shows that’s exactly when the tide turns. After a "perfect ABC pattern" correction that seems to have concluded around February 6th, BNB is now showing signs of a massive relief rally.
We are currently navigating uncharted territory. With volume supporting the end of the corrective wave, the path toward the middle of the previous consolidation range ($877) is clearing up. If momentum holds, we could be looking at a challenge of the $1,000+ psychological levels!
📊 Trading Signal: BNB/USDT (Long)
Strategy: Swing Long 📈
Leverage: 5X (Recommended)
Entry Zone: $570 – $640 (Accumulation Area)
Allocation: 5% of Portfolio
Stop Loss (SL): Weekly close below $550 🛑
🎯 Take Profit Targets:
$689 (Initial Resistance)
$760 (Momentum Confirmation)
$877 (Mid-Range Objective) 🏆
$972 (Supply Zone)
$1067 (Psychological Barrier)
$1150 (Ultimate Moon Target) 🚀
🔍 Technical Insight
The recent price action suggests that the "weak hands" have been shaken out. The volume indicator lends heavy support to the theory that the correction is over. While targets like $1,150 might seem high today, remember that in crypto, the market turns when it's least expected.
Risk Warning: We are in a high-volatility phase. Always stick to the plan and manage your leverage carefully.
Do you think $1,150 is a realistic target for this rally, or is $877 the ceiling? Let’s hear your take below! 👇
