BNB is currently compressing inside a tightening structure on the 1H timeframe. Price is forming higher lows while facing a clear descending resistance trendline from the recent highs. This creates a symmetrical compression zone, and the market is approaching the apex, meaning a strong move is likely soon.
The 622 area is acting as immediate support. As long as price holds above this level and maintains the ascending trendline, bulls still have a chance to push into the 640 to 646 resistance zone. A clean breakout above the descending trendline and strong acceptance above 646 could open the path toward the 700 to 750 range.
However, if price rejects from the upper trendline and loses 622 support, a breakdown toward 600 becomes likely. Below 600, the next key liquidity zone sits around 587, which aligns with prior reaction lows.
This is a classic compression setup. The breakout direction will define the next impulsive leg. Watch volume closely near the trendline test.
The 622 area is acting as immediate support. As long as price holds above this level and maintains the ascending trendline, bulls still have a chance to push into the 640 to 646 resistance zone. A clean breakout above the descending trendline and strong acceptance above 646 could open the path toward the 700 to 750 range.
However, if price rejects from the upper trendline and loses 622 support, a breakdown toward 600 becomes likely. Below 600, the next key liquidity zone sits around 587, which aligns with prior reaction lows.
This is a classic compression setup. The breakout direction will define the next impulsive leg. Watch volume closely near the trendline test.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.