#bnb $BNB

• Current Price: ~$599.29

• Trend: Price is consolidating sideways after a recent spike and pullback.

• Support Zone: $580–$585

• Resistance Zone: $615–$620

• Volume: Relatively declining during sideways movement (a sign of indecision).

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Trade Setup Ideas:

1. Bullish Breakout Play

• Entry: Above $605 with a candle close and strong volume

• Target: $620 (first), $635 (second)

• Stop Loss: $590

• Reason: Breakout from current range suggests bullish continuation.

2. Range-Bound Buy

• Entry: Near $585 (support zone bounce)

• Target: $600–$605

• Stop Loss: $575

• Reason: Multiple touches at support show it’s being respected; good for scalping inside the range.

3. Bearish Breakdown

• Entry: Below $580 with strong red candle and volume

• Target: $560 (first), $540 (second)

• Stop Loss: $590

• Reason: Breakdown from consolidation may lead to deeper retracement.