Long
BNB Futures – 1H Technical Outlook
The price is currently moving within a clear range between 644.55 (support) and 660.12 (resistance). After multiple rejections from both sides, market participants are waiting for a breakout or fakeout to determine the next move.
🔴 Fakeout Scenario (Bullish Trap Reversal):
A potential liquidity grab below the range (fake breakdown) could trap sellers around 644.55, followed by a strong V-shaped recovery back into the range. This would indicate a fakeout, providing a long opportunity once price reclaims the lower boundary.
🟢 Long Setup Confirmation:
If price breaks back above the range with momentum and confirms with volume, a LONG position becomes valid. The first target is the range high (660.12), and upon breakout, price could rally toward the next resistance at 687.69 (TP).
🎯 Summary:
Watch for a potential fake breakdown followed by a recovery. Confirmation with a bullish engulfing or strong volume candle gives a solid long opportunity. Risk management and proper confirmation are key before entry.
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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.