$BNB /USDT – Bullish Bounce or Trap? 📊

📍 Current Price: $761.43

🟢 Key Demand Zone Hit – After a steep selloff from the rising wedge formation (highlighted), $BNB is now reacting at a strong support near $760.

📈 Trade Setup (Long Bias):

• Entry: $761.43

• Stop Loss: $765.60

• Target: $754.66

📉 Market Insight:

A textbook rising wedge breakdown led to sharp rejection near $770. Price is now testing a critical zone of buyer interest. If bulls defend this level, we could see a bounce toward the mid-$760s. Otherwise, a clean break below $760 could trigger a deeper correction.

👀 Watch for confirmation — the next few candles will decide if this is a trap or a turnaround.

#BNB     #CryptoTrading #BinanceFutures #SupportZone #PriceAction