#IntradayTrading Signal for $BNB /USDT

BNB has shown a sharp drop followed by a rebound with volume, suggesting a potential short-term reversal or consolidation before the next move.

Trading Plan

1. Entry Point:

Long (Buy) Entry: Above $640.60, confirming an upward breakout.

Short (Sell) Entry: Below $633.72, confirming further downside movement.

2. Stop Loss:

For Long Position: Below $635.00 (invalidates breakout)

For Short Position: Above $641.00 (invalidates breakdown)

3. Take Profit Targets:

For Long Position:

TP1: $644.00 (next resistance)

TP2: $648.00 (strong resistance)

For Short Position:

TP1: $631.00 (recent low)

TP2: $628.00 (strong support)

4. Support and Resistance Levels:

Support Levels:

$633.72 (immediate support)

$631.00 (strong support)

Resistance Levels:

$640.60 (current resistance)

$644.00 (next major resistance)

Trading Suggestion:

If BNB breaks above $640.60, consider a long position targeting $644.00–$648.00.

If BNB fails to hold $633.72 and breaks down, consider a short position targeting $631.00–$628.00.