$BNB / USDT Analysis & Trade Setup
Timeframe: 4H
Exchange: Binance
Market Structure & Key Levels:
Consolidation Phase:
Price is currently in a range ($620 - $642) (highlighted blue).
A potential breakout is forming.
Resistance Level:
$642 - $645 โ Key breakout level.
Support Level:
$620 - $625 โ Strong demand zone.
๐Trade Setup: Buy if Breakout Occurs Entry:
Buy above $645 (after candle closes above resistance).
๐Take Profit (TP) Levels:
First TP: $660
Second TP: $680 - $690 (next resistance zone).
Final TP: $700+ (strong psychological level).
๐Stop Loss (SL):
$630 (below recent lows).
Risk Management:
๐Risk/Reward Ratio: 1:2 or 1:3
Avoid premature entry; wait for confirmation (breakout with strong volume).
If price fails to break $645, it could reject and drop back to $620-$625.
๐ Conclusion:
Bullish breakout likely; wait for confirmation.
Buy only above $645; set SL at $630.
Target range: $660 โ $680 โ $700+.
