$BNB 📈 Trend: Oversold Bounce — Recovery in Progress
👉 Buy Zone: $630.00 – $635.00
🎯 Target: $642.00 – $647.00
🛑 Stop Loss: $621.00
🧠 Market Note:
BNB recently touched a local bottom at $622.72 and is currently showing signs of a strong recovery. On the 1-hour chart, we are seeing a "V-shaped" bounce after a sharp liquidiation. The price is currently fighting to reclaim the MA(21) and MA(50) levels around $640.
Technical Indicators:
RSI (6): Currently at 45.11, recovering from oversold territory (below 30), which indicates there is momentum building for a move toward the $645 resistance.
MACD: The MACD histogram is starting to shorten its red bars, suggesting that the downward selling pressure is exhausting.
Volume: 24h Volume is healthy at $47.80M, showing enough liquidity for a quick scalp trade. If BNB holds above $632, we expect a retest of the 24h high near $646.
#BNB #BinanceCoin #CryptoTrading #Scalping #TradingSignals #BNBUSDT
