$BNB /USDT AT CRUCIAL LEVEL – BREAKOUT OR BREAKDOWN NEXT?
$BNB Price is currently hovering at $647.36 after facing a sharp dip from local highs near $697. With strong sell pressure dragging the price down, the next few candles will determine the direction. The chart indicates a key decision zone where BNB could either reverse toward $700+ or drop toward the $600 region.
Trade Setup:
LONG ENTRY: Above $653
Target 1: $678
Target 2: $703
Stop Loss: $638
SHORT ENTRY: Below $638
Target 1: $613
Target 2: $590
Stop Loss: $653
Why Long/Short?
If price holds above $647 and breaks above $653 resistance, a bullish continuation is expected toward previous highs. However, if BNB breaks below $638 support, the structure will favor bears targeting the $600 zone. Both scenarios show clear volume reactions — watch the break carefully!
Risk Management Tip:
Enter only after confirmation candle closes above/below the breakout level. Always trail your stop-loss to protect profits.
Buy and Trade here on
in Waterbury
#CryptoTrading #BNB #TechnicalAnalysis #Altcoins #TradeSetup
