Let's talk about BNB: Is the pump at a high position unable to move? These signals need attention.
Recently, BNB has indeed been quite strong, surging upwards and almost touching the historical highs. However, upon closer inspection, it seems to be a bit "overwhelmed"; the momentum of the rise has noticeably weakened, so it's worth noting the risk of a short-term pullback.
Especially the RSI indicator, its signals are quite clear now. Whether looking at the daily chart or the 4-hour chart, we can see the "divergence at the top" situation—prices have clearly reached new highs, but the RSI high is lower than the previous one. It's like two people running, with the price in front and the RSI lagging behind, indicating that the upward trend is somewhat weak.
Furthermore, the RSI values are all above 80 now, which is a typical "overbought" condition. Simply put, there are too many buyers in the market, and the sentiment has heated up to a bit of an extreme, just like a crowd of people rushing to grab something. After they finish grabbing, it's easy to calm down, and at that time, a technical adjustment may occur. After all, if prices rise too quickly, they need to take a break, or even retrace a bit.
BNB pump brother's evening strategy: it is recommended to short in the range of 1158 - 1153, looking down to around 1143 - 1130!
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CanWeStillReachTheOther
· 3h ago
Lang Ge, post some orders in the group, the brothers also want to recover losses.
Let's talk about BNB: Is the pump at a high position unable to move? These signals need attention.
Recently, BNB has indeed been quite strong, surging upwards and almost touching the historical highs. However, upon closer inspection, it seems to be a bit "overwhelmed"; the momentum of the rise has noticeably weakened, so it's worth noting the risk of a short-term pullback.
Especially the RSI indicator, its signals are quite clear now. Whether looking at the daily chart or the 4-hour chart, we can see the "divergence at the top" situation—prices have clearly reached new highs, but the RSI high is lower than the previous one. It's like two people running, with the price in front and the RSI lagging behind, indicating that the upward trend is somewhat weak.
Furthermore, the RSI values are all above 80 now, which is a typical "overbought" condition. Simply put, there are too many buyers in the market, and the sentiment has heated up to a bit of an extreme, just like a crowd of people rushing to grab something. After they finish grabbing, it's easy to calm down, and at that time, a technical adjustment may occur. After all, if prices rise too quickly, they need to take a break, or even retrace a bit.
BNB pump brother's evening strategy: it is recommended to short in the range of 1158 - 1153, looking down to around 1143 - 1130!