$BNB
The Accumulation Zone: BNB has found strong footing in the $600 - $630 range. This area is characterized by heavy institutional buying interest and high trading volumes, signaling that "Whales" are building long-term positions here.
Bullish Divergence: While the price was making local lows, the RSI (Relative Strength Index) started forming higher lows. This classic "Bullish Divergence" often precedes a massive trend reversal.
Moving Averages: The price is currently fighting to reclaim the 50-day EMA. A successful daily close above $650 will confirm the start of a new bullish leg.
Burn Mechanism: With high on-chain activity on the BNB Chain, the upcoming quarterly auto-burn is expected to be significant, further increasing the deflationary pressure on the supply.
🎯 Trading Setup & Targets
Entry Strategy: * Safe Entry: Above $650 (Confirmation of breakout).
Risk Entry: Current levels ($610 - $625) within the support zone.
Short-Term Target: $800 (Previous structural resistance).
Mid-Term Target: $1,050 (Psychological level & ATH retest).
Stop Loss: Below $585 (Invalidation of the bullish thesis).
This is for educational purposes only. The crypto market is volatile; please trade responsibly.