Bullish Bounceback for BNB
Updated
On daily charts, BNB hit a supply Zone and had been reacting to come towards the New Bullish Swing range.
As of now reacting on 50% retracement zone && the POC of Fixed Range VP.
Overall the bias is bullish as price has been crossing above the Weak Swing highs , while creating Stronger Lows, so we can look for buys in 50% equilibrium with Point of interests.
Going into 4hour, shows that last week's demand zones have been liquidated and price came down to test FVG.
1st scenario is we mitigate this demand zone.
2nd scenario is we go further down below in 70% discounted zone to mitigate the original Demand zone that created this Swing. It also has a Daily FVG sitting above it. Chances of this are less as this would create a deep pullback, not in line with the strong uptrend of BNB.
for Long entries wait for Demand Zone to be in effect in 4hour timeframe.
Disclaimer - Always apply your own confluences and use risk management for safe trading.
Note
1hour working out after testing out supply at FVG
Keep eyes on supply zones & 4hour Bearish FVG
Note
This is playing out really well, my average price should have been 601-602 but have added to my longs / Looking to hold the Weak high at ATH 721-730Note
Trade is active , looking super bullish along with most other coins that are coiling and ready to popTrade active
This trade is still active until ATH 2025, will update bigger targets.
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