$BNB /USDT – Technical Analysis & Trade Plan 🔍
Current Price: $744.60
24h Range: $730.01 – $770.11
Volume: 218,213 BNB | 163M USDT
🔎 Market Insight:
BNB is facing downward pressure after rejection from the $770 zone. Despite a brief bounce, it remains below key resistance at $755, showing signs of continued consolidation or a deeper pullback unless bulls regain strength.
📊 Price Structure:
Resistance Levels: $755, $770, $784
Support Levels: $730, $726
A lower high structure is forming, signaling caution for long entries.
📉 Short Setup (if rejection continues):
Entry: $748 – $755
Stop Loss: $770
Target 1: $735
Target 2: $726
📈 Long Setup (if bullish recovery begins):
Entry: $738 – $744
Stop Loss: $729
Target 1: $758
Target 2: $770
⚠️ Strategy Tip:
Wait for confirmation — a strong close above $755 will favor long bias, while rejection below $748 opens up shorting opportunities.