BNBUSDT is forming a reactive base inside the lower boundary of its descending channel, just above the 633 support zone. The current range structure suggests consolidation, with a potential for a false breakdown before an upward move. A breakout through the red descending trendline could target the 663 liquidity area.📈 Key Levels
- Buy zone: 633–638
- Sell trigger: sustained move below 633
- Target: 663
- Buy trigger: bullish engulfing near support + breakout above range
💡 Risks
- Failure to hold the 633 level could resume the channel downtrend
- Rejection from the red trendline may reinforce bearish pressure
- Broader market weakness could invalidate the upward scenario
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.