FireHoseReel | BNB Daily Analysis #19🔥 Welcome To FireHoseReel !
Let’s dive into BinanceCoin (BNB) analysis.
👀 BNB 4H Overview
BNB is currently trading inside a large 4H range box. A breakout from this box could trigger a major move.
The $922 level stands as both the top of the range and the 38% Fibonacci retracement of the previous bearish leg.
On the downside, $881 is acting as a freshly formed support zone.
📊 Volume Analysis
Volume slightly increased during the attempt to break $922, but buyers lacked enough strength and selling pressure followed.
A strong and sustained increase in volume will significantly raise the probability of a valid breakout.
✍️ BNB Trading Scenarios
🟢 Long Scenario 1:
A confirmed breakout above $922 creates a solid long opportunity.
Entry confirmation should come from a stable increase in buying volume.
🟢 Long Scenario 2:
You may enter on the 4th test using a stop-buy order with a wider stop, targeting around RR = 2.
⚠️ This type of entry should be executed with maximum 0.5% risk per trade to avoid heavy losses.
🔴 Short Scenario:
Since the broader structure behind price is strongly bearish, and the market previously experienced an aggressive drop from a distribution zone,
a break below the newly formed $881 support can activate a short position, confirmed by rising sell volume.
🧠 Protect your capital first. No setup is worth blowing your account. If risk isn’t controlled, profit means nothing. Trade with rules, not emotions.
