$BNB /USDT BULLISH REVERSAL FROM DEMAND ZONE – LONG ENTRY SIGNAL FLASHED!
BNB/USDT has shown a strong bullish reaction from the marked demand zone between $597.66 – $597.23, forming a potential reversal structure on the 30-minute chart. Price bounced precisely from the lower box support and is now reclaiming key minor resistance at $598.23, signaling buyers stepping back in.
TRADE SETUP (LONG):
• Entry Zone: $597.80 – $598.30
• Take Profit 1: $600.00
• Take Profit 2: $602.50
• Stop Loss: $596.50
MARKET OUTLOOK:
BNB is currently attempting a short-term trend reversal after an extended correction. The reclaim of local support and increasing buying volume hint at bullish momentum building. Watch for a clean break above $600 for further confirmation.
RISK MANAGEMENT:
Use proper position sizing and do not risk more than 2% of your capital per trade. Monitor volatility and adjust SL/TP accordingly.
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