BNB/USDT Perpetual (30-Min Chart) – Binance Analysis
2025-02-17
Category: None

BNB/USDT Perpetual (30-Min Chart) – Binance Analysis
Market Overview
BNB/USDT is currently trading at $656.82, showing a bearish bias (70%), indicating a potential continuation downward.

Price is rejecting from the supply zone (~$684.50), confirming bearish momentum.
EMA 100 and EMA 50 are acting as resistance, reinforcing the downtrend.
A key demand zone is located around the $652 area, suggesting potential support.

Key Technical Levels
Supply Zone (Resistance): $684.50 - $692.39
Immediate Support: $663.64 (TP3 Level)
Major Demand Zones (Support Levels):
$656.33 (TP4 - Support Level)
$652.00 - $651.05 (Demand Zone, Strong Buy Zone)
Trade Setup & Strategy

📌 Bearish Continuation Setup (Trend Following)

Entry: Below $668.72 (Break and retest of EMA 100 resistance)
Targets (TPs):
$671.72 (TP1 - First Target, Fib 0.382 Retracement)
$667.78 (TP2 - Second Target, Fib 0.5 Retracement)
$663.83 (TP3 - Third Target, Fib 0.618 Retracement)
$656.33 (TP4 - Stronger Support Zone)
$651.05 (Full Bearish Move, TP5 - Key Demand Zone)
Stop-Loss: Above $684.50 (Break of supply zone invalidates bearish setup)

📌 Bullish Reversal Setup (Counter-Trend Play, High-Risk)

Entry: $651.05 (Demand Zone Buy Entry)
Targets (TPs):
$656.33 (First Target, TP1)
$663.83 (EMA Resistance, TP2)
$671.72 (Major TP, TP3)
$684.50 (Full Recovery, TP4)
Stop-Loss: Below $642.99 (Break of demand zone invalidates bullish setup)

Conclusion
Currently bearish, targeting lower support zones around $656 - $651.
If price holds $651.05 demand zone, a reversal could push towards $671+.
A breakout above $684.50 would shift bias to bullish.

Would you like lower timeframe confirmation (5m or 15m) for refined entry points? 🚀