🔍 #bnb Technical Analysis Summary:

Descending Trendline Breakout

BNB has broken above the orange descending trendline around $655, which is a bullish signal.

MACD Crossover

The MACD histogram is positive.

DIF line is above DEA line = bullish momentum building.

Support Zone

Strong support seen near $650.21 (last low).

Blue line suggests a previous demand zone.

Resistance Levels to Watch

Immediate resistance: $659.14

Strong resistance: $662.36

Major resistance: $664.85

✅ Trade Setup (LONG Position)

Entry: $655.50 – $656.00 (Buy near breakout retest)

Stop Loss: $652.50 (Below recent structure)

Take Profit Targets:

TP1: $659.00

TP2: $662.00

TP3: $664.50

📌 Risk/Reward Insight:

Risk = ~2.5 to 3.0 USD

Reward = ~4 to 9 USD

Risk-to-reward ratio: > 1:2 — favorable for scalping or short-term swing.

⚠️ Confirmations Before Entry:

Wait for 15-min candle to close above $656 (if not already).

Volume confirmation on breakout helps (watch increasing green volume bars).

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