BNB/USDT Technical Analysis – 5-Minute Chart

Current Price: $661.52 (+0.78%)

Trend: Uptrend with a strong bullish breakout

Resistance: $664

Support: $654

Market Structure & Key Insights:

BNB was consolidating in a range before breaking out with a strong bullish candle.

The price made a sharp move upwards, signaling buyer dominance.

A minor pullback is occurring, possibly forming support for the next leg up.

Trading Plan:

📈 Long Entry:

Ideal Buy Zone: $658 - $660 (on minor retracement)

Target 1: $664 (Immediate Resistance)

Target 2: $668 - $670 (If momentum continues)

Stop Loss: $654 (Below recent support)

📉 Short Entry (If Rejection at Resistance):

Sell Below: $659 (If price breaks back below support)

Target 1: $654

Target 2: $650

Stop Loss: $664

Conclusion:

BNB is in a bullish trend, and a proper entry after a pullback could offer a strong long opportunity. Watch price action at resistance before making a move. 🚀📊 #BNB #CryptoTrading #Binance