FireHoseReel

🔥 Welcome FireHoseReel ! Let’s dive into the analysis of BNB (Binance Coin). 👀 BNB – 1H Timeframe BNB is currently breaking through its multi-timeframe resistance around $842. If price forms a higher low above this zone, we can take it as a valid confirmation for bullish continuation. Keep in mind: the long trigger sits at $880, which makes this setup a bit risky. 📊 Volume Analysis The volume indicator is showing rising multi-timeframe buy volume, which is different from previous behavior on the left side of the chart. This suggests a healthy convergence of buying pressure, showing that sellers are weakening, market fear is fading, and investors are slowly stepping back in to accumulate at these levels. ✔️ BNB/BTC Pair Perspective To look at things differently, we also check the BNB/BTC pair, which helps us understand the structure more deeply. The pair is still in the same condition as yesterday, with one difference: The multi-timeframe resistance at 0.0991 could become a risky long trigger. A breakout above this zone may push momentum into the BNB/USDT pair as well. ✍️ Let’s break down the trading scenarios for BNB on the 1H timeframe. 🔼 Long Scenario: We need: • Strong buyer support and increased participation • Continued multi-timeframe volume convergence • Breakout of key resistance zones on both BNB/USDT and BNB/BTC If these conditions align, we can take a low-risk (0.5%) long entry on the breakout. If needed, we can also add to the position on higher resistance breakouts. 🔽 Short Scenario: A breakdown of the key support levels on the chart + clear selling pressure can give us a valid short or exit signal. This breakdown may also require a break of USDT dominance resistance, which would strengthen the bearish move. 🛞 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.

🔥 Welcome FireHoseReel ! Let’s dive into the Engulfing Candlestick Pattern. ✔️ Bearish Engulfing – Basics The Bearish Engulfing is a two-candlestick reversal pattern. The first candle is bullish, and the second is a larger bearish candle that fully engulfs the first candle’s body and closes below its low. Since crypto rarely has gaps, the key condition is that the second body completely covers the first body. Shadows are not significant. This pattern is most reliable after a weakening uptrend. 🎯 Bearish Engulfing – Psychology This pattern shows a strong bearish shift. Buyers push price upward at first, but the second candle proves sellers have taken full control, dragging price down and even breaking the previous candle’s low. It signals momentum shifting from bulls to bears. 🧮 Bearish Engulfing – Setup & Levels • Trigger: Break below the low of the second candle. • Confirmation: A close below the trigger. • Stoploss: Above the high of the second candle or whole structure. • Buy-stop entry: Only if the main trend remains strongly bullish (rare in crypto). ✔️ Bullish Engulfing – Basics The Bullish Engulfing is a two-candlestick reversal. The first candle is bearish, and the second is a larger bullish candle that fully engulfs the first body and closes above its high. In crypto, the key factor is that the second bullish body fully covers the first bearish body. It works best after a downtrend or capitulation phase. 🎯 Bullish Engulfing – Psychology This pattern indicates a strong bullish reversal. Sellers control the first candle, but buyers return aggressively on the second candle, overpowering them and closing above the previous high. It signals momentum shifting from bears to bulls. 🧮 Bullish Engulfing – Setup & Levels • Trigger: Break above the high of the second candle. • Confirmation: A close above the trigger. • Stoploss: Below the low of the second candle or structure. • Sell-stop entry: Only in strong downtrends and rarely recommended. 🛞 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.

🔥 Welcome FireHoseReel ! Let’s dive into the Engulfing Candlestick Pattern. ✔️ Bearish Engulfing – Basics The Bearish Engulfing is a two-candlestick reversal pattern. The first candle is bullish, and the second is a larger bearish candle that fully engulfs the first candle’s body and closes below its low. Since crypto rarely has gaps, the key condition is that the second body completely covers the first body. Shadows are not significant. This pattern is most reliable after a weakening uptrend. 🎯 Bearish Engulfing – Psychology This pattern shows a strong bearish shift. Buyers push price upward at first, but the second candle proves sellers have taken full control, dragging price down and even breaking the previous candle’s low. It signals momentum shifting from bulls to bears. 🧮 Bearish Engulfing – Setup & Levels • Trigger: Break below the low of the second candle. • Confirmation: A close below the trigger. • Stoploss: Above the high of the second candle or whole structure. • Buy-stop entry: Only if the main trend remains strongly bullish (rare in crypto). ✔️ Bullish Engulfing – Basics The Bullish Engulfing is a two-candlestick reversal. The first candle is bearish, and the second is a larger bullish candle that fully engulfs the first body and closes above its high. In crypto, the key factor is that the second bullish body fully covers the first bearish body. It works best after a downtrend or capitulation phase. 🎯 Bullish Engulfing – Psychology This pattern indicates a strong bullish reversal. Sellers control the first candle, but buyers return aggressively on the second candle, overpowering them and closing above the previous high. It signals momentum shifting from bears to bulls. 🧮 Bullish Engulfing – Setup & Levels • Trigger: Break above the high of the second candle. • Confirmation: A close above the trigger. • Stoploss: Below the low of the second candle or structure. • Sell-stop entry: Only in strong downtrends and rarely recommended. 🛞 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.

🔥 Welcome FireHoseReel ! Let’s dive into the analysis of BNB (Binance Coin). 👀 BNB – 1H Timeframe On the 1-hour chart, BNB has formed a solid support around $808.17, right after the drop we mentioned in previous analyses. Price also has a local resistance at $842.26, and a breakout on either side can give us confirmation for the next move. However, going long from this zone is not ideal. A long setup would be more reasonable at higher levels during a pullback of this bearish leg — and for that, we need USDT dominance to reject downward. 📊 Volume Analysis Looking at volume, one key detail stands out: The multi-timeframe correction of this bearish move has come with decreasing buy volume. If price moves back down and breaks the support again, we can look for a fresh short position. ✔️ BNB/BTC Pair Analysis Since we analyze things differently, let’s also check the BNB/BTC pair. This pair is currently sitting on its own support and moving slightly upward. But what matters is this: BNB/BTC seems to be forming a potential bearish pattern on this timeframe. If the structure completes, I’ll include it in the next analysis update for you. ✍️ Now let’s check the trading scenarios for BNB on the 1H timeframe. 🔽 Short Scenario A short setup becomes valid if: • BNB/BTC breaks below 0.009691, • Confluence with BNB price breaking below $808.71, • Increased sell volume, • A clean candle close under the defined support zones. This combination gives us a strong short trigger. 🔼 Long Scenario A long setup requires: • Breakout above $896, • A few retests (rejections) into this zone, • Followed by a confirmed breakout with increased buy volume. This long scenario is still far from current price, and once BNB reaches that zone, I’ll post the best updated scenario for you. 🛞 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.

😄 Hey! How’s everything? Hope you’re doing great! 🍾 Welcome to FireHoseReel — make sure to follow and enjoy the analysis along the way. If you ever want a custom chart breakdown, just leave a comment and I’ve got you. 😎 Now let’s jump into the analysis of my favorite coin: BNB . 👀 BNB – 4H Timeframe BNB recently gave us a short trigger on the 4-hour chart after breaking its key support at $896. Price dropped right toward our first target at $818, hit it cleanly, and is now stuck in a “mid-zone” with no clear direction. Even on a multi-timeframe view, we currently don’t have any valid entry trigger, so we need to wait for new structure formation before planning the next move. 📊 Volume Analysis Our volume indicator played a major role here: Once the support broke and the short trigger activated — exactly as mentioned in yesterday’s analysis — sell pressure increased sharply. Whales also started selling their BNB as soon as the support failed, and many traders used this opportunity to enter short positions. Volume is still showing bearish pressure, and the last two 4H candles had a strong increase in selling activity, turning into clear downward momentum. ✔️ Now let’s analyze something different — BNB/BTC pair On the 4H timeframe, this pair is still moving inside its trading range and has managed to maintain its relative strength against BTC. However: • A breakout above the range high at 0.010162 could trigger a strong bullish move • A breakdown below the range low at 0.009800 could lead to a deeper correction in the BNB/USDT pair and accelerate the bearish momentum there For now, the pair holds a bullish bias, but we need confirmation through an actual breakout. ✍️ Current Scenarios We don’t have a new setup today, as yesterday’s short position already played out and is still valid. For a new entry — long or short — we need BNB to build a fresh market structure and give us a clean trigger. Until then, patience is the best strategy. 🛞 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.

😄 Hey! How’s it going? You good? 🍾 Welcome to Fire Hose Reel! Hit that follow button and enjoy the analysis ahead. And if you ever want a custom chart breakdown, just drop a comment — I got you. 😎 Let’s jump into the analysis of my favorite coin : BNB 👀 BNB on the 4-hour timeframe After the recent flash crash in the market, BNB entered a corrective phase. A descending trendline (dynamic resistance) has formed, and every time price touches it, we see a retracement. Right now, BNB is walking right along a major support zone. Losing this area could push price down toward the next support. This key support sits around $896, and a breakdown below it could intensify the bearish trend, adding momentum to the downside and breaking price out of this triangle-shaped structure. 📊 Volume Indicator Looking at the volume below the chart, every touch of the trendline has caused sellers to step in, sometimes even breaking strong support levels. When that happens, the volume bars spike upward, signaling increased selling pressure. At the moment, if sell volume continues rising, BNB could lose the $896 support and move further downward. ✔️ Now let’s analyze something different — BNB/BTC pair On the 4-hour timeframe, BNB/BTC hit an important resistance level and got heavily rejected, pushing price downward. Here’s the key point: BNB’s relative value against BTC is still higher, and just like the USDT pair, it’s sitting on a major support. If this level breaks, maximum selling pressure could kick in and cause a strong drop. ✍️ Trading Scenarios (Long & Short) 🔼 Long Scenario • A breakout above the descending trendline • Confluence with the $943 resistance • Strong buy volume confirming the breakout This setup is a bit risky, since higher timeframes are still leaning bearish. Tight stop-loss & quick partial take-profits are recommended. 🔽 Short Scenario The current level where price is hovering can act as a good support, but if this zone breaks with selling pressure, price could move downward. That gives us a clean opportunity to open a short trade on the breakdown. 🛞 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 make sure you trade based on your own strategy, research, and risk tolerance. You are fully responsible for your trades.