BNBUSDT (30-Minute Chart) Analysis
2025-02-13
Category: None

BNBUSDT (30-Minute Chart) Analysis
Market Overview
Binance Coin (BNB) is trading at 716.68 USDT, showing strong bullish momentum after a significant uptrend. However, a bearish order block (OB) at ~720 USDT suggests potential resistance and a pullback.

The Stochastic RSI is overbought, indicating that BNB may be due for a short-term correction before continuing its uptrend.

Key Technical Levels
Resistance (Bearish Order Block - OB): 720 USDT

Support Zones:

708.65 USDT (Minor Support)
701.79 - 695.70 USDT (Stronger Support Region)
EMA 50 Support: 657.61 - 654.29 USDT
EMA 100 & 200: 640.53 - 609.41 USDT
Fibonacci Retracement Targets (Correction Zones):

0.382: 689.92 USDT
0.500: 678.66 USDT
0.618: 657.61 USDT
Trade Setup & Strategy

📌 Bearish Scenario (Short Entry Idea)

If BNB rejects from 720 USDT OB, a pullback to 695-678 USDT is likely.
Entry: 717-720 USDT (Order Block Rejection)
Targets (TPs): 701.79 / 695.70 / 678.66 USDT
Stop-Loss: Above 725 USDT, to protect against breakout
📌 Bullish Scenario (Breakout & Retest Long Setup)

If BNB breaks and holds above 720 USDT, a move to 750 USDT is likely.
Entry: Retest at 715-718 USDT
Targets (TPs): 735 / 745 / 750 USDT
Stop-Loss: Below 708 USDT, to avoid fakeouts

⚠️ Risk Considerations

A strong close above 720 USDT confirms a breakout; otherwise, expect a pullback.
Watch Stochastic RSI for a cooldown before entering longs.
Major demand zone near 695-678 USDT may provide a good buy opportunity.

📌 Conclusion:
BNB is currently at resistance (720 USDT Order Block), meaning a pullback to 695-678 USDT is possible before another leg up. If price breaks above 720 USDT with strong volume, expect a move towards 750 USDT.

Would you like an updated analysis based on a higher timeframe (1H/4H)? 📊