$BNB 🚀 BULLISH MOMENTUM 🚀

Chart Overview

Current Price: ~$815.36 USDT

BNB has recently broken out of a falling wedge, a bullish reversal structure, and its weekly chart shows an inverse head and shoulders, enhancing the upside potential.

The price is maintaining above these patterns, signaling potential continuation toward higher targets.

Weekly RSI hovering near overbought suggests the move may need consolidation before resuming.

Trading Strategy

Breakout Long (High-Confidence Move)

Entry: Cleared daily close above $820–$825 (post-breakout zone).

Stop-Loss: Below $800 (former resistance now support).

Targets:

T1: ~$830 (127.2% Fib zone)

T2: ~$900

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Pullback Long (Conservative Entry)

Entry Zone: Restest area between $800–$815, supported by wick rejection or bullish candle.

Stop-Loss: Below $788–$790.

Targets: Same as above ($830 → $900).

Strategy Summary

Strategy Type Entry Range Targets Stop-Loss

Breakout Long > $820–$825 $830 → $900+ < $800

Pullback Long $800–$815 $830 → $900+ < $788

Rejection Short ~$830–$840 Drop to $800–$815 > $845–$850

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Why It Works

Confluence of Chart Patterns: Both wedge and inverse shoulder patterns support the bullish thesis.

Fibonacci Projection Matches Structure: 127–161% levels align with technical breakout paths.

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