$BNB is testing a key support zone at $574. The reaction here will define the next wave:
Setup 1 – Support Bounce Long
Entry: $575.10
SL: $571.80
TP: $582.60
Confidence: Medium – only if volume holds and 15m candle forms hammer
Setup 2 – Breakdown Short
Entry: $571.30
SL: $574.60
TP: $562.00
Confidence: High – strong breakdown with momentum = follow-through likely
Indicators Used:
Fibonacci 0.5 level (from May 14 low to May 17 high)
RSI oversold recovery
Volume delta + footprint (on Binance Advanced Chart)
Note: If price grinds with low volume, skip the trade. We want clean conviction.
!!! Please remember that all trading involves risk, and it's essential to conduct your own research before making any trading decisions !!!
