 #BNBUSDT forecast for a long move
2025-02-08
Category: None

📉 LONG  BYBIT:BNBUSDT.P   $589.70 
🛡  Stop Loss: $588.50 

 ⏱ 1H Timeframe 

 📍 Overview: 
➡️  BYBIT:BNBUSDT.P   continues to move within an ascending channel, gradually recovering after a local correction.
➡️ P OC (Point of Control) at $588.10  indicates a high-interest zone, from which price has rebounded multiple times.
➡️ The key  resistance zone is around $592.45 , where the first profit target is set.
➡️ Holding above the current level could trigger further upside movement towards $596.00, strengthening the bullish momentum.

 ⚡ Plan: 
➡️ Considering a  LONG entry at $589.70, with a Stop Loss at $588.50 .
➡️ A  breakout above $592.45  will confirm buyer strength and pave the way for $596.00.
➡️ Increased volume at the current level suggests institutional interest, increasing the probability of scenario execution.

 🎯 TP Targets: 
  💎 TP 1: $592.45
  💎 TP 2: $596.00


📢  BYBIT:BNBUSDT.P   maintains a bullish structure despite temporary pullbacks.
📢 Key focus should be on price action at $592.45 – a breakout here will solidify the bullish case.
📢 Monitoring volume dynamics is crucial – increased buying activity will reinforce the uptrend.


🚀  BYBIT:BNBUSDT.P   remains strong – expecting a move towards $596.00 upon breakout of key levels!