BNBUSDT. Trading opportunityOn the daily timeframe, the price has formed a sideways movement and reached the mandatory target of the seller's vector 7-8. The next relevant buyer's vector 8-9 has a potential target of $634. The price is currently in the middle of the sideways range on the daily timeframe.
On the hourly timeframe, the price has also formed a sideways movement. The short seller's vector 11-12 broke below the lower boundary of the sideways range at $574 and collected sellers' liquidity. Pay attention to the key volume of the last vector 11-12: the candle with the highest volume in the vector is at the bottom (marked as 'KC' on the chart). Then the buyer absorbed this volume and returned the price to the sideways range, forming a new buyer zone at the boundary of the sideways range (the blue rectangle on the chart, upper boundary at $575.5). The key volume (largest) in the emerging buyer's vector is also at the bottom (the candle on the chart is marked as 'tKC'). This setup increases the probability of realizing the buyer's vector 12-13 with a potential target on the hourly timeframe of $600.
Idea: Look for purchases as the realization of the buyer's vector 12-13 on the hourly timeframe and the buyer's vector 8-9 on the daily timeframe. The target on the hourly timeframe is $600.
The preferred option is to look for purchases from the defense by the buyer of the buyer zone at the lower boundary of the sideways range.