$BNB USDT BULLISH CONSOLIDATION – READY FOR A FRESH BREAKOUT ABOVE RESISTANCE
$BNB USDT is currently consolidating in a tight range near $645 after a strong impulsive rally from the $620 zone. Buyers are holding price firmly above support, indicating a potential breakout continuation towards higher targets if resistance breaks cleanly.
🚀 Trade Setup (Long Entry):
Entry Zone: 644 – 646
Targets (TP):
TP1: 650
TP2: 655
TP3: 660
Stop Loss (SL): 638
📊 Key Levels:
Resistance: 647 – 650
Support: 640 – 638
Current Price: 644.80
🔎 Market Outlook:
The market structure is bullish with higher lows forming on the 4H timeframe. A breakout above 647 could trigger an explosive move towards 655-660 levels. However, failure to hold above 640 may trigger a short-term pullback to retest 630-625 support.
⚠️ Risk Management:
Always risk only 1-2% per trade. Use tight stop losses and adjust position size according to your account to manage volatility effectively.