FireHoseReel | BNB Daily Analysis #6

🔥 Welcome FireHoseReel !
Before we jump into the analysis, just a quick note — I’ve slightly adjusted my trendline placements. Ready? Let’s break it down.

🔼 Breakout, Retest… Then Stop Hunt
BNB broke the $855 resistance, activated the long trigger, and briefly pushed upward.
That resistance then turned into support — but price quickly rejected from the upper zone and moved downward, hitting the stop.

Now, the same rejection zone has turned into our new long trigger.
A clean breakout above this level opens the door for another long entry.

📊 Volume Behavior
BNB’s volume during the breakout was strong — a classic whale candle triggered the long setup.
(As always: after a whale candle, the safest move is not entering immediately.)

After that spike, buy volume faded and sellers stepped in, pushing BNB downward.
Volume reduction in pullbacks + pressure from sellers explains the move perfectly.

🔁 A Different Perspective — BNB/BTC Looking at the BNB/BTC pair gives us earlier signals.
This pair is currently ranging, showing that BNB’s behavior highly mirrors BTC’s movement.
The triggers here align well with the BNB/USDT structure, giving confluence across markets.

📌 Today’s Trading Scenarios

🔼 Long Scenario
• A long setup becomes valid if:
• Price breaks above $873
• Buy volume increases
• Sell volume decreases during pullbacks
• This would confirm strength and activate a clean long entry.

🔽 Short Scenario
A short setup becomes valid if:

• Price breaks below $837
• Strong selling pressure appears
• Sellers dominate lower-timeframe reactions
• This would confirm bearish continuation into lower support zones.

🛞 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.