🚀 $BNB /USDT – Coiling Up for the Next Move? 💥
$BNB is hovering just below its recent local highs, showing solid strength and bullish intent. With price compressing near resistance and momentum building, a breakout could be on the horizon!
📊 Trade Setup (LONG):
• Entry Zone: $713.00 – $717.00 (look for breakout confirmation or retest entry)
• Target 1 (TP1): $730.00 🎯
• Target 2 (TP2): $742.00 ✅
• Stop Loss (SL): $705.00 (beneath short-term structure for safety)
⚡ Technical View:
BNB is forming a tight consolidation just under key resistance at $723.50. Volume is steady, and higher lows suggest buyer control. Watch for a surge above this zone to trigger momentum.
🛡 Risk Note:
Stick to defined stops and a 2.5:1 reward-to-risk ratio. Avoid chasing green candles — the best trades come on retests or clean breakouts.
🔄 Strategy Breakdown:
This is a tight-range breakout play. Price structure favors bulls, and a breakout could target $742+ quickly. If BNB pulls back first, entries near $713 offer better risk-reward positioning.
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