$BNB - BULLISH MOMENTUM CONFIRMED ✅
1. Support Zone:
• Key Support: $495 – $535 (marked by the lower purple box)
• Price has previously bounced strongly from this area.
• Acts as a demand zone — buyers likely to defend here.
2. Resistance Zone:
• Strong Resistance: $740 – $820 (highlighted upper box)
• This level has acted as a supply zone in the past with strong selling pressure.
3. Current Price Action:
• Price: $603.82 (currently just breaking above local consolidation)
• Bullish Sign: Price is forming a potential higher low and is approaching breakout structure with volume confirmation likely needed.
4. Likely Direction:
Bias: Bullish
• If price sustains above $600–$605, and breaks above $630–$650 in the coming days, it may rally toward $740–$800 zone.
• The blue arrows on your chart already point toward this move.
Trade Setup (Swing Idea):
• Entry: $610–$620 breakout confirmation
• SL: Below $585
• TP1: $700
• TP2: $760
• TP3: $820