$BNB As of April 27, 2025, Binance Coin (BNB) is trading at approximately $598.74, experiencing a slight decline of 1.47% for the day.

📉 BNB Short Trade Setup – Targeting $590 & $580

BNB is currently hovering near a significant resistance zone between $603.70 and $614.94. This area has previously acted as a ceiling, and the price is showing signs of a potential pullback.

Trade Setup:

Entry Zone: $603.70 – $614.94

Take Profit 1 (TP1): $590.00

Take Profit 2 (TP2): $580.00

Stop-Loss: Above $620.00

If BNB fails to break above the resistance zone, a short position targeting the support levels could be favorable. Monitor for confirmation of a reversal before entering.

📈 BNB Long Trade Setup – Targeting $620 & $635

BNB has shown strong bullish momentum, recently bouncing from a low of $592.90 to its current levels. A breakout above the $614.94 resistance could signal further upside potential.

Trade Setup:

Entry Zone: On a confirmed breakout above $614.94

Take Profit 1 (TP1): $620.00

Take Profit 2 (TP2): $635.00

Stop-Loss: Below $600.00

If BNB breaks and holds above the resistance zone with increased volume, a long position targeting higher resistance levels could be favorable. Ensure to confirm the breakout before entering and manage risk appropriately.

🔄 Bouncing Points – The Exciting Zones

Support Levels:

$592.90: Recent support level where BNB found footing before its current move.

$580.00: A psychological level and previous resistance turned support.

$570.00: A deeper support zone that has historically attracted buying interest.

Resistance Levels:

$614.94: Immediate resistance that BNB needs to overcome for further gains.

$620.00: Next resistance level following a breakout above $614.94.

$635.00: A significant psychological barrier and potential profit-taking zone.

Buy and Trade here $BNB