Scalp-to-Intraday Trade Plan for #BNB/USDT – 15-Minute Chart (May 5, 2025)

At the time of writing, BNB is trading around $588.41, with the 60-period moving average (MA60) sitting slightly lower at $587.63. The 15-minute trading volume stands at 44.151 BNB, and the 24-hour price range spans from $583.55 to $600.30.

While BNB remains within a short-term consolidation range, there's visible buying interest near the $586–587 zone, hinting at potential support. If momentum builds above the MA60 and price breaks through $590, a bullish move could unfold.

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Trade Scenarios to Consider:

1. Breakout Long Position

• Trigger Entry: Above $590.50 (confirm with a strong 15-minute candle and volume increase)

• Target 1: $595

• Target 2: $600

• Stop Loss: $586.50

2. Support Rebound Trade

• Buy Zone: Between $585.50 and $586.50

• Target Levels: $589.50 and $592

• Stop Loss: $583.30

3. Bearish Breakdown (Contingent on BTC Weakness)

• Entry Point: Below $583

• Profit Targets: $578 and $572

• Stop Loss: $586

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Conclusion:

BNB’s structure shows potential for both breakout and bounce plays depending on how it behaves around the $590 resistance and $586 support. Traders should stay cautious and monitor Bitcoin’s trend, as it may influence short-term direction.

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