$BNB READY TO IGNITE — WATCH FOR BREAKOUT ABOVE $220
$BNB is showing signs of accumulation after a prolonged consolidation phase. Price action is coiling just below the $220 resistance, forming a textbook ascending triangle on the 4H chart. Volume is gradually increasing, and RSI is holding above 50, suggesting bullish momentum is building.
MARKET DIRECTION: Bullish breakout expected
ENTRY: $221 (confirmation above resistance)
TP1: $228
TP2: $236
TP3: $248
SL: $213 (below triangle support)
RISK MANAGEMENT:
This setup favors breakout traders with tight invalidation. Risk-to-reward ratio exceeds 2:1 if targeting TP2. Use position sizing to limit exposure to 1–2% of account. Avoid chasing if price spikes without retest.
TECHNICAL CONTEXT:
- Ascending triangle on 4H
- RSI > 50, MACD crossover forming
- Volume uptick on resistance tests
- 200 EMA acting as dynamic support
- Breakout aligns with broader altcoin rotation
BNB’s utility within the Binance ecosystem continues to support long-term demand. With BTC dominance pulling back and altcoins rotating, BNB could lead the next leg if this breakout confirms.
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