$BNB 📈 **Daily Technical Analysis of BNB (Binance Coin) - May 31, 2025**
Current Price**: $647.38 (-3.87% in 24h; range: **$647.19-$674.37**) . **Key Support**:
- **$618-$630**: Critical zone (dynamic + horizontal support). Breaking this would invalidate bullish trend .
- **$600**: Psychological support and institutional accumulation level .
- **Key Resistance**:
- **$687-$690**: Technical resistance (recent highs). Overcoming it could drive a rally to **$700-$725** .
- **$793.35**: All-time high (medium-term target) .
- **Chart Pattern**:
- **Ascending Wedge**: Formation in recent weeks. A bearish break below **$630** would confirm a correction to **$600** 📊 **2. Key Technical Indicators**
| **Indicator** | **Current Value** | **Interpretation**
| **24h Volume** | $1.88B (-5.34%) | Moderate liquidity; needs >$2B for breakouts . |
| **RSI (14 days)** | ~46 (Neutral) | No overbought/oversold; room for movement . |
| **MFI (Money Flow Index)** | 52.5 | Balance between buying/selling; favorable if it exceeds 60 . |
| **50-day SMA** | ~$618 | Dynamic support; loss would reinforce bearish trend . |
🎯 **3. Entry Strategy, Stop Loss, and Take Profit**
- **Optimal Entry**:
- **Scenario 1 (Conservative)**: $630-$635 (bounce on SMA 50 + horizontal support) .
- **Scenario 2 (Aggressive)**: Break of $690 with volume >$2B (bullish confirmation) .
- **Stop Loss**:
- **Long Position**: $615 (below key support; risk limited to 3-5%) .
- **Short Position (if it breaks $630)**: $645 (stop above immediate resistance) .
- **Take Profit**:
- **Target 1**: $690 (quick gains +8%) .
- **Target 2**: $725 (trend extension; +14% from $635) .
- **Risk/Reward Ratio**: 1:3 (example: risk $15 vs. gain $45 per contract).
⚠️ **4. Confirmation Signals and Risks**
- **Bullish Signals**:
- Sustained volume >$2B + daily close above $690 .
- MFI >60 and RSI >55 (strengthening momentum) .
- **Imminent Risks**:
- **Wedge Pattern**: Bearish break below $630 would lead to $600 (-5%) .
- **Weak Volume**: If <$1.5B, high probability of false breakout .
- **Macro Context**: Pressure from Bitcoin and altcoins could drag down BNB.
💡 **5. Strategies by Scenarios**
- **Bullish Scenario (40% Probability)**:
- Enter at $635, SL $615, TP1 $690, TP2 $725.
- Add position if it exceeds $690 with volume.
- **Bearish Scenario (30% Probability)**:
- Sell on break of $630, SL $645, TP $600.
- **Neutral Scenario (30% Probability)**:
- Consolidation at $635-$675; avoid new entries until confirmation.
📌 **Conclusion and Monitoring**
BNB faces a decisive moment: **$630 is the critical level** to define the daily trend. The proximity to the resistance of **$690**, combined with the wedge pattern, demands caution. **Key Actions**:
1. **Enter only with volume confirmation** (> $2B on breakouts).
2. **Use adjusted stop-losses** ($615 for longs, $645 for shorts).
3. **Monitor MFI and RSI in real-time**: An RSI >55 would support a rally.
4. **Monitor Bitcoin**: BTC movements will impact BNB liquidity.
