Immediate support: $979 (24h low), then stronger support at $835.
Breakout Scenario: If $1,057 breaks with volume ā potential rally towards $1,200+.
Rejection Scenario: If $1,000ā1,050 zone holds as resistance ā pullback likely to $835.
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5. RiskāReward Outlook
Entering now is risky (near resistance, extended rally).
Better strategy:
Swing traders ā wait for pullback near $900ā950 before long entry.
Breakout traders ā enter above $1,060 with confirmation.
Shorts ā risky, but possible scalp rejection at $1,000ā1,050 zone if momentum slows.
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ā Summary: BNB is in a strong uptrend with bullish fundamentals, but itās at a critical resistance ($1,000+). Best plays are either waiting for a clean breakout above $1,060 or a retracement to $900ā950 support. Entering now carries high risk of short-term correction.