$BNB /USDT SHOWING STRONG CONSOLIDATION – MAJOR MOVE INCOMING?

Current Price: $691.38 (+0.05%) 24h High: $707.54

24h Low: $688.10

24h Volume: 241,629 BNB | $168.89M USDT

Category: Layer 1 | Exchange: Binance

Focus Timeframes: 4H & 1D – Consolidation Watch

Key Technical Levels:

Resistance Zones:

$707.50–$710.00 – Immediate resistance (24h high & supply zone)

$735.00 – Previous high & major breakout target

Support Zones:

$688.00 – Strong intraday support (24h low)

$670.00 – Key structural support (prior breakout base)

Technical Outlook:

$BNB is currently consolidating between $688–$707 after a strong run. This range is tight, suggesting a possible volatility squeeze. If price holds above $688 and breaks $710 with strong volume, a rally toward $735 is likely.

4H RSI is neutral, and MACD is flattening—both hinting at a pre-breakout phase. Volume is tapering, which is typical before large directional moves.

Trade Setup – Breakout Long

Entry (Confirmation): Break and close above $710

TP1: $735.00

TP2: $750.00

SL: $688.00 (tight SL for range breakdown)

Alternative – Range Play Setup

Entry: Buy at $690–$692 (lower range support)

TP: $705–$710

SL: $685

Risk Management Tips:

Risk only 1–2% of your trading capital

Use trailing SL after TP1 if momentum accelerates

Avoid FOMO entry if breakout lacks strong candle and volume support

Conclusion:

$BNB/USDT is at a critical decision point. A breakout above $710 could lead to a continuation of the bullish trend, targeting $735+. Until then, it’s range-bound and ideal for short-term scalps or breakout trades.

BNB IS COILING – NEXT MOVE COULD BE EXPLOSIVE!

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