### **📊 Market Structure Breakdown**
- **Strong Support Base**: Price rebounded sharply from **$625**, a level coinciding with:
✅ 200-day EMA
✅ 61.8% Fibonacci retracement (from May lows)
✅ High liquidity zone (per CoinGlass liquidation heatmap)
- **Recovery Pattern**: 15m chart shows a "stair-step" rally with higher lows, suggesting accumulation.
---
### **🎯 Key Levels to Watch**
| **Type** | **Price** | **Significance** |
|----------------|----------|------------------------------------------|
| **Support** | $625-628 | Must hold for bullish structure |
| **Resistance** | $645 | Breakout triggers short-covering rally |
| **Target** | $655 | Daily SMA-50 + June 4 swing high |
| **Next Target**| $690 | Measured move from recent range |
---
### **⚡ Trade Setup (Swing Trade)**
- **Entry Zone**: $638-641 *(Pullback to broken trendline)*
- **Take Profit**:
- **TP1**: $645 (3.5% gain) → Trim 50%
- **TP2**: $655 (5.8% gain) → Trail balance
- **Stop Loss**: $628 *(Below support cluster)*
- **Risk/Reward**: **1:3.5**
---
### **📈 Confirmation Signals**
1. **Volume**: Need >$700M/hour spike above $645 (Binance spot volume).
2. **Momentum**: RSI (4h) must stay above 50. Currently at **54**.
3. **Liquidity**: Watch orderbook for stacked asks at $655.
---
### **⚠️ Critical Risks**
- **Macro Factors**: U.S. jobs data (June 6) could spark volatility.
- **Leverage Risk**: $618M open interest → Liquidations possible at $630/$650.
- **False Breakouts**: Sideways action below $645 may trap bulls.
---
### **💡 Pro Trader Tactics**
- **Partial Profit-Taking**: Secure 50% at TP1, trail balance with 4h candle closes.
- **Re-Entry**: If $645 retests as support, add with tight SL ($640).
- **Avoid**: FOMO entries during low-volume pumps.
---
### **🔍 Why This Matters**
- BNB Chain activity hit **$11.35B daily volume** (ATH).
- Binance’s **CUDIS TGE** (June 8) could fuel ecosystem demand.
- Historical June performance: Avg. **+18%** for BNB since 2020.
---
**📌 Final Thought**:
This is a *high-probability* swing trade if $625 holds. Manage risk tightly—markets remain skittish post-Trump/Musk fallout.
**Drop your charts below!** 👇
*Data: TradingView, CoinGlass, Artemis (2025-06-06)*