The BNB/USDT market recently bounced from the 560 support level, a notable swap zone that has acted as a key turning point in past price action. The current pullback from the downward trendline appears to be directing price back toward this historically significant support area.
On the weekly timeframe, a bullish candle has formed, while the daily chart shows a pattern of higher lows, pointing to growing buying pressure. If the price revisits the 550–560 zone, a bounce is likely, potentially sparking a bullish move. With technical signals aligning across multiple timeframes, this zone stands out as a prime area of interest. The next target is the resistance zone around 613
On the weekly timeframe, a bullish candle has formed, while the daily chart shows a pattern of higher lows, pointing to growing buying pressure. If the price revisits the 550–560 zone, a bounce is likely, potentially sparking a bullish move. With technical signals aligning across multiple timeframes, this zone stands out as a prime area of interest. The next target is the resistance zone around 613
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.