BNB Trading Strategy – April 24, 2025
Current Price: $596.89 (Binance)
Market Overview:
BNB is holding above the $580 support level, showing strength despite a small pullback. The upcoming BSC Lorentz hard fork and increasing on-chain activity are positive signals.
Key Levels:
Support: $580
Resistance: $600 / $635
Stop-loss: Below $580
Target: $750 (if breakout confirmed)
Indicators & Setup:
MACD: Bullish crossover
RSI: Neutral, indicating consolidation
Above 100H SMA = bullish short-term outlook
Strategy:
Scalping (1H–4H):
Entry: Above $600
TP: $615 / $635
SL: Below $590
Swing Trading (Daily):
Buy dips near $580–$590
TP: $635 / $650
SL: Below $580
Position Trading (Weekly):
Accumulate above $580
TP: $700 / $750
SL: Below $550
Tips:
Monitor the BSC Lorentz upgrade and on-chain data
Use 1–2% risk per trade
Set alerts at $580, $600, and $635
BNB is setting up for a potential breakout—stay informed and manage risk.