๐จ BNB Trade Setup & Technical Analysis
๐ Current Price: ~$882
โ Chart Patterns / Logic
Cup & Handle + Symmetrical Triangle โ bullish continuation signals
RSI & MACD remain positive (momentum strong)
Key Support: $860โ$870
Resistance: $900 psychological level
๐ฏ Trade Idea
Entry: $870โ$882
Stop-Loss: $845โ$860
Targets:
โข Short-term: $920
โข Medium-term: $950โ$1,000
โ๏ธ Risk-Reward
At $870 entry โ SL $845 (risk $25) โ TP $920 (reward $50)
R:R โ 1:2 (can stretch to 1:3 if $900 breaks cleanly)
โ ๏ธ Bearish Watch
Double-top near $880 could trigger pullback toward $845 if support breaks.
๐ Probability: Bullish bias strong, but wait for breakout confirmation above $900 or retest of $870 support for high-probability entry.
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๐ฅ Summary:
BNB looks primed for a potential breakout. A disciplined long near $870โ$882 with SL below $860 offers solid R:R. Watch $900 for confirmation โ failure there may flip the setup bearish.