$BNB click here to trade
Trend Overview:
Current Price: 598.81 USDT
Market Structure: Higher lows and higher highs since May 5 — indicating short-term bullish momentum.
Price recently pulled back from around 605, finding temporary support at 598.
Trade Setup 1: Long Position (Trend Continuation)
Entry Zone: 597.5 – 599.0 (buy near current price if bullish candles confirm)
Target 1: 604.5 (recent swing high)
Target 2: 608.0 (next resistance zone from previous structure)
Stop-Loss: 593.5 (below recent higher low on May 6th)
Risk:Reward (T1): ~1:1.5
Risk:Reward (T2): ~1:2.5+
Confirmation to Enter: Bullish engulfing or hammer candle + volume pickup
Trade Setup 2: Short Position (Reversal Play — Risky)
Entry Zone: 603.5 – 605 (if price rallies back without breaking above 605 resistance)
Target: 595.5 (back to support)
Stop-Loss: 607.0
Risk:Reward: ~1:2
Confirmation to Enter: Rejection wicks or bearish engulfing near 605