BNB/USD Nearing the Moon: $900 High Sparks Profit Booking, Bullish Support Holds Strong

BNBUSD showed a minor profit booking after hitting a fresh all-time high.   It hit a high of $900 and is currently trading around $857.40.

Short-term trend remains bullish as long as support $770 (365-4H EMA) holds. It trades above the 55,200 and 365  EMA on the 4-hour chart. Near-term support is around $800, any close below targets  $780/$755/$730/$700/$670/$650/$644/$628/$598.  If the pair closes below $500, it potentially leads to further declines towards $400.

Immediate Resistance is at $900.Any breakout above this resistance confirms bullish momentum and a jump towards $943/$1000.

Indicators ( 4-hour Chart)

Directional Movement Index: Neutral

CCI (50):  Bullish

Trading Strategy

It is good to buy on dips around $800 with a stop-loss set at $755 and a target price of $1000.