$BNB 🦋 Breaks Through the Range! What’s Next for Binance Coin?🔑👇
Timeframes: 1H & 1D ⌛
Current Price: $639🦋
🤽1H Chart Analysis:📊
👉BNB just printed a strong bullish candle, blasting through the mid-range resistance at $631 and flipping that zone into support. We saw a clear Change of Character (CHoCH) following an Equal Low sweep + Break of Structure (BOS) setup. That fuelled the rally toward $639, where price is now testing a key supply zone.
Support zone: $628–$631🪴
🔑Key EMAs: 50 EMA and 100 EMA are both supporting this uptrend, acting as a springboard from $620 levels.
Stochastic RSI: Overbought (97.86 & 100.00) – indicates short-term cooling off may follow.
1D Chart Analysis:📊
On the daily, $BNB finally broke out of a two-week consolidation phase near $620–$632. The recent CHoCH confirms bullish intent, with price entering the critical daily supply zone ($639–$710). We’re now in a major decision area:
Daily trend shift: Bullish✅
Major resistance overhead: $710+
Daily support to hold: $617–$622
Momentum (Stoch RSI): Still strong – room for continuation before exhaustion kicks in.
Trade Strategy:🧑🏫
Current Price: $639🦋
Plan: 👨🏫
👉Bullish scalps above $632 with TP zones at $652, $668, and $690.✅
👉Pullback Buy Opportunity: Re-test of $628–$631 zone✅
❌Invalidation below: $624☣️
Takeaway:🤽
$BNB has broken free from its slumber and printed strength across multiple timeframes. However, $639–$710 is a thick resistance block – expect volatility. If bulls hold the $628 zone, continuation toward $660+ is highly probable.
Pro Tip: 🧑💻
Let price cool off above $631. Enter only on re-tests or flag pattern confirmations—don’t FOMO into supply.
👨❤️👨“Patience is not simply the ability to wait—it’s how we behave while waiting.”
Disclaimer: ⚠️
This is not financial advice. Always DYOR. Trade safe.
