BNB Trade Setup: Long Entry at Support with Profit Target Near $670

📌 Suggested Entry & Exit Strategy

Based on recent analysis and chart patterns:

Entry Zone: $BNB

Enter a long position near the $636–640 area—this range has acted as strong support in multiple timeframes and aligns with the “buy zone” cited in a recent TradingView idea .

Stop Loss: $BNB

Set stop-loss slightly below $636, ideally around $630 to give it room to avoid false breakings.

Profit Target (Take Profit): $BNB

Aim to exit near $665–670. This zone represents recent resistance and aligns with bounce targets noted in TradingView ideas and technical structure .

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📈 Chart Explanation

**Support (~$636–640):**

Price has frequently rebounded here on both daily and 4‑hour charts. A bounce in this zone offers a low‑risk entry.

Entry Candle:

Look for a bullish candlestick (e.g., hammer, bullish engulfing, or three‑inside-up) to confirm reversal. According to Investing.com, a "Three Inside Up" just occurred on the 1‑hour chart , adding confidence.

Exit Candle:

As price reaches the $665–670 range, monitor for signs of exhaustion—such as bearish engulfing, doji, or volume drops—to lock in profits.

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🕯 Sample Trade Path

| Time | Price | Action |

|------------|------------|--------------------|

| Day 1 | 639 | Enter long |

| Day 1‑2 | 642 | Hold, trailing SL |

| Day 3 | 665 | Observe price action |

| Day 4 | 668 | Exit on bearish signal |

The entry candle triggers on reversal signal near $639.

The exit candle appears as BNB nears $668, signaling it's time to close.

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⚠️ Notes

Always manage risk—use proper position sizing.

Combine candlestick signals with indicators like RSI or MACD for stronger validation.

If $636 breaks strongly, respect the stop-loss and reassess.

If the breakout above $665 is strong and volume-backed, consider partial profit-taking and trailing the rest.

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✅ Summary

Entry: $636–640 (on bullish reversal candle)

Stop-Loss: Below $630

Take Profit: $665–670 (exit on bearish signal)