$BNB

/USDT – BULLS GEAR UP AS $BNB DEFENDS SUPPORT AT $632, EYES ON BREAKOUT ABOVE $645

Immediate Market Move Explanation:

$BNB/USDT is currently consolidating just above key support at $632 after rejecting the 24h low at $632.25. Despite the slight -1.40% dip, price action shows signs of stabilization with buyers stepping in. If the $632 support continues to hold, a breakout above the $645 resistance zone could trigger a bullish move towards recent highs. The flattening of price near AVL (average level) of $633.85 and failure to break down further signals a potential reversal.

Trade Setup:

Long Entry: $634 – $636

Take Profit (TP): $645 / $651

Stop Loss (SL): $628

Market Outlook:

Overall sentiment for $BNB remains cautiously bullish in the short term as the coin maintains its structure above a key demand zone. Volume at lower levels and intraday wicks suggest accumulation. A clean break above $645 backed by volume could lead to momentum continuation. Traders should watch for breakout confirmation.

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