🚀 BNB – Is a Breakout Just Around the Corner?
Current Price: ~$661
Timeframe: 6H / 4H (similar structure)
🧠 What the Chart Reveals
🔹 Major token burn completed – Binance just burned 1.6 M BNB ($1.07 M), reducing supply and increasing scarcity CryptoRank+1Binance+1.
🔹 Whales accumulating quietly – On-chain data shows large buyers stepping in around the $635–655 zone .
🔹 Price consolidating inside an ascending channel – After the burn, BNB bounced off $650 and is forming higher lows and higher highs—a textbook “ascending triangle” setup .
🔹 Approaching the $690–700 resistance zone – Repeated tests of this level are building pressure. This is where the next breakout could launch m.economictimes.com+9CryptoRank+9Binance+9.
🎯 The Trading Strategy
▪️ Entry Zone: $660–670 (now)
▪️ Stop Loss: below $635 (whale support area)
▪️ Targets:
• ✅ $700 (breakout level)
• ⬆️ $733 (post-breakout measured move) CryptoRank+1reddit.com+1
⚠️ Trigger: A 6H candle closing above $690–700 with notable volume—that's your green light for Launch Mode!
📌 Summary
BNB has all the elements of a pre-explosion setup:
🔥 Scarcity via token burn
🐋 Whale accumulation in a defined support zone
📈 Technical structure: ascending channel converging into $700 resistance
🚀 Catalyst: gas price drop & burn event
If these conditions align with a breakout candle above $700, we’re looking at a potential jump toward $733+ finance.yahoo.com+1Binance+1bitdegree.org+2CryptoRank+2coinmarketcap.com+2.
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