Binance Coin / TetherUS
Short
Updated

BNB Bearish Divergence

194
BNBUSDT

Trade Setup:
Target 1: 731.61 (0.50 Fibonnaci Golden Zone).
Target 2: 701.05 (0.618 Fibonnaci Golden Zone).
Target 3: 657.54 (0.786 Fibonnaci Golden Zone).
Target 4: 602.12 (1 Fibonnaci).

Stop Loss: 861.10 (above recent high, ~25% above current price).

RSI Analysis: The RSI shows a bullish divergence (price making lower lows while RSI makes higher lows), suggesting potential upward momentum. Current RSI is around 79.74, nearing overbought territory (>70), so caution is advised.
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+5.34% PROFIT

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