Binance Coin ($BNB) is consolidating after facing rejection near $883, currently hovering around $848. Traders are closely monitoring this zone as the next decisive move could set the tone for short-term price action.
Key Levels to Watch
Support Zone: $832 – $840
Resistance Zone: $870 – $883
A breakout above $870 could spark renewed bullish momentum, opening the door for a retest of recent highs. However, if $832 breaks, sellers may regain control and drive prices lower.
Trade Setup 📊
Long Entry Above: $855
Targets: $870 / $883
Stop Loss: $835
This setup highlights the importance of maintaining discipline, with tight risk management to capture potential upside while minimizing downside exposure.
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🔎 Traders are watching closely to see if BNB can reclaim strength or if bears will push it further down. Momentum at the 850 zone will be key.
