Trade Setup Suggestions

Short Setup: Entry: Near $650–$654 (rejection at 200 MA or pivot). Target: $615.31 (support) or lower channel support (~$640). Stop Loss: Above $656.98 (pivot) or $658 for tighter risk. Risk-Reward: ~1:1.45–2.93, as noted in scalping setups.

Long Setup: Entry: At $615.31 (support) or on a confirmed breakout above $647.75 (wedge resistance). Target: $654–$658 (next resistance) or higher if bullish momentum builds. Stop Loss: Below $610 or lower wedge support (~$640). Confirmation: Look for bullish MACD crossover or RSI above 50. Risk Management: Use tight stops due to volatility, and monitor ATR for position sizing. Scalping is favored given the short timeframe.

6. Key Considerations

Volatility: BNB/USDT is volatile, with rapid moves possible on the 15-minute chart. Confirm entries with volume spikes or candlestick patterns (e.g., bullish engulfing for longs, bearish rejection for shorts). Broader Context: BNB’s weekly performance is down 2.80%, but monthly gains (+8.42%) suggest potential for recovery if support holds.

External Factors: Monitor broader crypto market trends (e.g., Bitcoin’s correction to $94K could pressure altcoins like BNB).