Bullish Breakout Signal – $BNB /USDT

Asset: $BNB (Binance Coin)

Current Price: $666.10

Market Context

BNB recently dipped toward $657, sweeping intraday lows with a high-volume candle wick – a common trap for late shorts. The price swiftly rebounded, signaling potential absorption and a shift in momentum.

Currently consolidating in a narrow range near $666 with strong volume spikes — a breakout setup is building.

Trade Setup

Entry Zones:

Ideal Pullback Entry: $663 – $666

Breakout Confirmation: Above $668.5 on a strong 15m candle close with volume exceeding 3K

Stop-Loss:

🔻 Below $656.5 – under the local low sweep and recent liquidity grab

Target Levels:

🎯 Target 1: $671.50 – 24h high

🎯 Target 2: $675.20 – next structural resistance

🎯 Target 3: $681.00 – key supply zone on higher timeframes

Key Technical Levels

Support: $657 / $663

Breakout Line: $668.5

Resistance to Watch: $675 – $681

Market Sentiment

BNB is displaying bullish intent with high buying volume during sell-offs. The recent strong wick rejection and V-shaped recovery hint at trapped shorts and a possible breakout scenario.

Volume profile is rising – a clear sign of interest returning at lower levels.

Strategy Recommendation

Wait for a clean break above $668.5 with volume confirmation for breakout entries.

Conservative traders can enter on the retest of the breakout zone.

Tight risk management is key given recent volatility spikes.

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