BNB/USDT Daily Scalping (Long) Strategy

Entry: ~$640 (just above the key $630–$640 support zone).

Stoploss: ~$628 (just below that support).

Target(s): ~$660 (about twice the $10 risk, near the first resistance zone) and a stretch target ~~$670 (near the next resistance).

Justification: On the 1D chart, BNB has found strong support around $630–640. This is reinforced by the rising 50-day MA (≈$650) below price, indicating an underlying uptrend. The May 17 daily candle shows a long lower wick down to ~$635 and a strong close, signaling buyers stepping in at support. Entering near $640 captures this bounce. A stop just below $630 protects against a breakdown. With ≈$10 risk, a 1:2 reward target is ≈$660, which lies within the noted $665–$675 resistance range. We also note a longer target ≈$670 (short-term target given by analysts) if momentum continues. This setup uses clear support/resistance levels and moving-average context to aim for a quick 1–3 day upside move while keeping risk controlled.

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