$BNB /USDT Breaking Key Resistance – Targets $780 & $800
BNB is showing strong momentum with a +4.00% surge to $744.38, supported by solid volume (403,975 BNB / $293.44M USDT). The price is testing the 24h high (~$748-750), indicating potential for a major breakout in the Layer 1 / Layer 2 sector.
Trade Setup:
- Entry Zone: $740 – $745 (retest of breakout)
- Stop Loss: Below $725 (key support)
Targets:
- 1st Target: $780 (4.8% upside)
- 2nd Target: $800 (7.5% upside)
Why This Trade Works:
1. Breakout Potential: Price is pushing against critical resistance ($750) with rising volume.
2. RSI(6) at 86.36: Overbought but shows strong bullish momentum.
3. BNB Ecosystem Strength: Binance Smart Chain activity and Layer 1 narrative are fueling demand.
Risk Management:
- Use 2:1 reward-to-risk ratio.
- Secure 50% profits at $780 and move stop to $760.
- Let remaining position ride to $800 with a trailing stop.
