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BNBUSDT trade ideas

Binance Officially Registers With Indian Regulator for $260 BlnBinance, a leading cryptocurrency exchange, recently received official registration from India's Financial Intelligence Unit (FIU) after a prolonged dispute with regulators. The FIU's approval marks the second time an offshore crypto exchange has been granted such a registration, the first being KuCoin. However, the news has been followed by a 2% decline in Binance's native cryptocurrency $BNB. Binance was one of several global cryptocurrency exchanges that India's FIU had blocked for violating local anti-money laundering laws. As a result, the mobile applications of these exchanges were removed from Google's Play Store and Apple's App Store for Indian users. In the wake of these actions, Binance has been working to obtain official registration from the FIU to resume operations in India. According to a report by the local news outlet Moneycontrol, Binance is now set to resume its operations in India, having acquired official registration with the FIU. The agency's director, Vivek Aggarwal, confirmed in a workshop conducted by the Bharat Web3 Association in New Delhi that KuCoin has already resumed operations after paying a penalty of INR 3.45 million ($41,303). However, Aggarwal stated that Binance is still in the process of determining its penalty and compliance proceedings. India is the world's second-largest crypto market, having received $260 billion in cryptocurrencies between July 2022 and June 2023, according to a 2023 global report on crypto by Chainalysis. With its renewed approval and pending compliance procedures, Binance could soon reopen its doors to the country's significant crypto user base. In summary, Binance has gained official registration with India's FIU, paving the way for the exchange to resume operations in the country. While the penalty and compliance procedures are still being determined, the news is a positive development for Binance and its expansion into the world's second-largest crypto market.
by DEXWireNews
📈BNB Market Analysis: Potential Long and Short Positions✅🔍As Bitcoin experienced a notable downturn today, catching many traders unaware, it's imperative to reassess market conditions and identify potential trading opportunities. In this analysis, we'll delve into the intricacies of Binance Coin (BNB) and explore various factors shaping its price action. 💎Binance, being one of the most reputable digital currency exchanges globally, serves as a pivotal platform for traders worldwide. Its reliability and extensive range of services, including the renowned Launchpad feature, where users can participate in token sales by staking BNB, make it a preferred choice for many traders. 🔄In the 4-hour timeframe, we observe a recurring resistance zone between 617 and 656, which has been tested multiple times. Interestingly, each test resulted in a higher low, underscoring the increasing buying pressure within the market. Furthermore, the primary support established during this period lies at 517, encapsulating the range between 517 and 617. Adhering to our trading strategy, it's crucial to exercise caution within this range, managing positions with risk-to-reward ratios of at least 2 to ensure long-term profitability. 📊Volume analysis reveals a recent surge in selling pressure, particularly evident in the higher volume accompanying bearish candles. However, the overall volume trend indicates a decline, potentially susceptible to manipulation by larger market participants. As a result, while SMAs are temporarily disregarded due to the ranging market, RSI remains a pertinent indicator, offering insights into potential overbought or oversold conditions. 📈Moving on to potential triggers for long positions, the primary resistance at 600 warrants attention. However, given the current range-bound nature of the market, traders should temper their expectations regarding risk-to-reward ratios. Instead, emphasis should be placed on swift profit-taking and efficient position management. 📉Conversely, short position triggers at 576 and 543 are within the confines of the range-bound market. Thus, traders must exercise prudence, focusing on timely profit-taking and risk mitigation strategies. The critical short trigger at 517 signifies confirmation of rejection from ATH, potentially heralding a downtrend in the 4-hour timeframe. 📝In conclusion, Binance Coin (BNB) presents a nuanced landscape for traders, characterized by recurring resistance and support levels within a range-bound market. By employing meticulous risk management strategies and leveraging key triggers, traders can navigate market fluctuations effectively, maximizing profitability while mitigating potential losses. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
2
BNB 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = USD 579.2 at which the price struggles T2 = $605.9 T3 = $623.6 AND T4 = $648.3 Now let's move on to the stop-loss in case of further market declines: SL1 = $570.1 SL2 = $539.4 SL3 = $518.2 AND SL4 = $491.50
by cryptodailyuk
BNB worth of investing?BNB (BNB) is definitely coin worth of investing because of their exchange and all projects on BNB Chain. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3 and 4 very soon, that could be year(s). I will sell most of my capital on targets 3 and 4. Small portion will be sold on Target 1 and 2. Entry Zone: 249-296 Buy Zone 2: 108-147 Target 1: 435 – 480 (48%) Target 2: 633 - 684 (112%) Target 3: 1026 -1087 (243%) Target 4: 1430 - 1470 (377%)
Long
by Abmoon
2
BNBUSDT - Prise can make small move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support zone, and then at once bounced down. Also, price started to trades inside wedge, where it made soon upward impulse from support line to $581 level. Next, price broke this level and continued to move up to resistance line of wedge, after this it bounced down. Price declined to support area, after which made upward move and started to trades inside flat, exiting from wedge as well. In flat, BNB broke support line and later declined to support level, after which started to move up. In my mind, Binance Coin can rise a little more and then start to decline to $581 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
BNB, Silence is deafening.. low key preppin BIG MOVES at bottom.BNB has somewhat been abandoned in terms of price growth in comparison with its big coin peers alongside other alts. It has stayed at the bottom range for quite sometime. A low key reversal maybe on queue that will be missed by majority. On our weekly data, BNB has tripled bounced on a solid order block at 220-240 range. This has been visited many times and it keeps bouncing off it for the past 12 months. This range is firm -- and a huge bounce maybe warranted after a few tries already. Increasing volume has been spotted this past few days with numbers surging +20% from its average numbers. The coin is currently sitting just above 78.6 FIB LEVEL -- a bargain that can't be missed. Histogram higher lows is being registered conveying of that a long term trend shift is about to materialize. A bubble up volume (bottom indicator) has finally appeared after 3 months -- since April 2023. If you missed the LTC, ETH, BTC bull train, BNB is kind enough to give you a chance. Spotted at 245 TAYOR. Safeguard capital always.
by JSAL
2
Trading Signal For BNBUSDT BinanceCoin Trading Setup: There is a Trading Signal to Sell in BNBUSDT BinanceCoin Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 603.6 ⭕️SL @ SL: 613.6 🔵TP1 @ 566.0 🔵TP2 @ 542.0 🔵TP3 @ 509.5 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Short
by pullbacksignal
3
Lingrid | BNBUSDT trend CONTINUATIONBINANCE:BNBUSDT recently broke the key resistance level at 600. The market is probably going to consolidate below the strong resistance and then break through. However, on the 4H timeframe, the market was moving sideways. It broke the top of the range, then retested it, indicating potential trend continuation. On the weekly timeframe, the market formed a massive long-tailed bar, which shows buying pressure. If the market breaks the previous week's high, then we might have a bull run. My goal is resistance zone 615 - 620 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
Will BNB maintain current resistance?Hello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = USD 579.2 at which the price struggles T2 = $605.9 T3 = $623.6 AND T4 = $648.3 Now let's move on to the stop-loss in case of further market declines: SL1 = $570.1 SL2 = $539.4 SL3 = $518.2 AND SL4 = $491.50 Looking at the RSI indicator, we can see that there is still room for price movement down, but when we look at the STOCH indicator, we can see that it has returned to the lower border of the channel, which may slow down the price decline.
by cryptodailyuk
The profit of fluctuation ---- BNBAfter the Federal Reserve slowed its balance sheet reduction and the labor market cooled more than expected, BTC led the token rebound. Compared with the dump that the token experienced in April, the price of BNB has always remained at a high level. This is related to Binance’s frequent Launchpad and Megadrop launches. The logical upper limit of BNB fundamentals is based on Binance’s activity, and the logical lower limit is based on the SEC’s actions against Binance. We have previously analyzed BNB based on the TSB indicator, and we can see that the wavy area still plays a role, and BNB maintains a bullish trend at the daily level. If you used the TSB indicator and opened a long position, then hold on to it. If you missed the TSB indicator, let's take a look at the effect of the KDMM indicator on BNB. Switching to the 4h level, we can see that BNB has clearly entered a fluctuation trend. This is a necessary conditions for using the KDMM indicator. When everything is satisfied, you only need to wait for the value on the KDMM indicator to reach a high (80) for the bearish momentum to increase or for the value to reach (20) for the bullish momentum to increase. Then carry out bearish and bullish operations accordingly. We have marked the clear signal locations on the indicator area with red and green lines. This can help you profit during fluctuation. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius