$BNB /USDT – Bullish Recovery in Motion After Sharp Dip
BNB has bounced back strongly after hitting a local low of $580.32, forming higher lows on the 1H chart and currently trading around $589.90. The price rejected further downside and is now showing signs of reclaiming short-term bullish momentum with a recovery push.
Trade Setup:
Entry Zone: $588 – $590
Target 1: $594
Target 2: $600
Final Target: $606
Stop Loss: $579
A clean structure with potential to retest the $600 mark if the momentum holds and volume supports the upward breakout. Watch for rejection at $594 for profit booking or trail stop.
Pro Tip: Volume is increasing with each push—confirm entries with bullish engulfing candles near support.