FireHoseReel | BNB Daily Analysis #17

🔥 Welcome To FireHoseReel !
Let’s dive into BinanceCoin (BNB) analysis.

👀 BNB 1H Overview
After the recent drop, BNB is currently ranging between $895 and $877. A breakdown below the range floor could trigger a deeper correction. This support also aligns with the 38% Fibonacci retracement, making it a valid technical level.

📊 Volume Analysis
Volume increased during the sell-off, then dropped sharply in momentum. A strong sell-off candle hit the maker-buyer zone, followed by range consolidation. Due to the holiday period, volume conditions remain weak.

✍️ BNB Trading Scenarios

🟢 Long Scenario:
A breakout above the range high at $922 could activate the next long trigger.

🔴 Short Scenario:
A breakdown of the current floor (maker-buyer zone), potentially driven by a long squeeze and sudden volatility spike, could open the door for a short entry after a pullback with tighter risk.

🧠 Protect your capital first. No setup is worth blowing your account. If risk isn’t controlled, profit means nothing. Trade with rules, not emotions.