📊 BNB/USDT Technical Analysis – May 5, 2025
In TradingView, current price is: $593.21
🔹 1D (Daily)
Structure: BNB is trading within a consolidation range, with price action between $584.65 and $595.20.
Bias: Neutral – awaiting a breakout from the current range.
🔹 4H (4-Hour)
Observation: Price is oscillating within a tight range, indicating indecision among traders.
Market Behavior: Low volatility, suggesting a potential buildup before a significant move.
🔹 1H (Entry Idea)
Scenario: If BNB breaks above $595.20 with increased volume, it could signal a bullish move.
Target: $610.00
Stop-Loss: Below $584.65
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Not financial advice. Always do your own research before trading.
#BNB #PriceAction $BNB
