BNB's performance on the 1-hour chart is still quite interesting. After falling from the high of 924 to 894, it has been climbing but the selling pressure around 920 hasn't eased. Breaking through this level in the short term is not easy, so you might consider a light short position at high levels.
Technically, the 920-925 range is a clear resistance zone, and the target levels to watch below are 900-890. Of course, this is just my personal opinion; specific trading should be based on your risk tolerance, and proper stop-losses must be strictly set.
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defi_detective
· 01-08 22:13
This resistance level at 920 is really holding strong. It seems like we indeed have to wait for a break below to proceed.
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FlatTax
· 01-07 07:52
Level 920 is indeed quite solid; short-term bearish outlook still makes sense.
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ContractCollector
· 01-07 07:50
This 920 level is really a tough nut to crack. Trying short positions is also an option, but I'm worried about a rebound trapping the stop-loss.
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ZKProofster
· 01-07 07:49
technically speaking, that 920 resistance is doing exactly what it should—classic distribution pattern if you ask me. but honestly, shorting up there without a *proper* proof of momentum reversal feels kinda risky. where's your stop loss math on this one?
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ZenChainWalker
· 01-07 07:44
The 920 level is stuck tightly, it looks uncomfortable. The bears do have a chance.
BNB's performance on the 1-hour chart is still quite interesting. After falling from the high of 924 to 894, it has been climbing but the selling pressure around 920 hasn't eased. Breaking through this level in the short term is not easy, so you might consider a light short position at high levels.
Technically, the 920-925 range is a clear resistance zone, and the target levels to watch below are 900-890. Of course, this is just my personal opinion; specific trading should be based on your risk tolerance, and proper stop-losses must be strictly set.