$BNB /USDT – BULLS SHOW STRENGTH, BREAKOUT LOOMS ABOVE RESISTANCE!
Technical Analysis:
$BNB /USDT is showing bullish momentum with a current price of $654.31, gaining +0.94% in the last 24 hours. Price action is attempting to break through key resistance, suggesting strong buyer interest.
Key Levels:
Immediate Resistance: $656.00 – Current intraday ceiling; a breakout above this may trigger accelerated buying.
Next Major Resistance: $662.50 – If bulls push through, this could be the next profit zone.
Immediate Support: $648.00 – Acts as the first line of defense if price dips.
Major Support: $642.77 – The 24h low and key structure level.
Trade Setup – Long Position:
Entry: $654.00–$655.00 (on a confirmed breakout candle above resistance)
Take Profit (TP):
TP1: $662.50
TP2: $668.00
TP3: $675.00
Stop Loss (SL): $647.00 (below recent support zone)
Market Outlook: BNB is currently ranging with a bullish tilt. Volume is consistent, and the higher lows formation supports the uptrend. A clear close above $656.00 on the 1H or 4H chart may lead to a continuation rally toward $670+ in the short term.
Risk Management: Use 1–2% of your capital per trade. Stick to your SL strictly and avoid overleveraging.
