FireHoseReel | BNB Daily Analysis #3

🔥 Welcome FireHoseReel !
Let’s dive into the analysis of BNB (Binance Coin).

👀 BNB – 1H Timeframe
On the 1-hour chart, BNB has formed a solid support around $808.17, right after the drop we mentioned in previous analyses.
Price also has a local resistance at $842.26, and a breakout on either side can give us confirmation for the next move.

However, going long from this zone is not ideal. A long setup would be more reasonable at higher levels during a pullback of this bearish leg — and for that, we need USDT dominance to reject downward.

📊 Volume Analysis
Looking at volume, one key detail stands out:
The multi-timeframe correction of this bearish move has come with decreasing buy volume.
If price moves back down and breaks the support again, we can look for a fresh short position.

✔️ BNB/BTC Pair Analysis Since we analyze things differently, let’s also check the BNB/BTC pair.
This pair is currently sitting on its own support and moving slightly upward.
But what matters is this: BNB/BTC seems to be forming a potential bearish pattern on this timeframe. If the structure completes, I’ll include it in the next analysis update for you.

✍️ Now let’s check the trading scenarios for BNB on the 1H timeframe.

🔽 Short Scenario
A short setup becomes valid if:
• BNB/BTC breaks below 0.009691,
• Confluence with BNB price breaking below $808.71,
• Increased sell volume,
• A clean candle close under the defined support zones.

This combination gives us a strong short trigger.

🔼 Long Scenario
A long setup requires:
• Breakout above $896,
• A few retests (rejections) into this zone,
• Followed by a confirmed breakout with increased buy volume.

This long scenario is still far from current price, and once BNB reaches that zone, I’ll post the best updated scenario for you.

🛞 Risk Management & Disclaimer
Please remember to always use proper risk management and position sizing. Nothing in this analysis is financial advice. The market can change quickly, so always trade based on your own strategy, research, and risk tolerance. You are fully responsible for your own trades.