🔥 $BNB USDT – SIDEWAYS CONSOLIDATION WITH REJECTION
$BNB is currently ranging between 646.72 support and 657.12 resistance on the 1H timeframe. The sharp rejection wick above 657 shows sellers pushing back aggressively.
Key Levels
Resistance: $657.12
Support: $646.72
Current Price: $653.47
💼 Trade Setup
✅ Long Entry:
If price reclaims and closes above 657.20, targeting:
TP1: 660
TP2: 664
Stop Loss: 654
❌ Short Entry:
On breakdown below 646.50, targeting:
TP1: 642
TP2: 638
Stop Loss: 650
📊 Market Outlook
Price is consolidating with volatility spikes. Watch for a breakout or breakdown from this tight range for clear directional confirmation.
⚠️ Risk Management
Use 2-3% capital risk per trade with disciplined stop-loss placement to protect against rapid reversals.