$BNB USDT – TIGHT RANGE BUT A BREAKOUT IS BREWING!
$BNB is currently consolidating between $650.21 (low) and $656.75 (high), with price hovering near $655.23. This tight sideways action is often the calm before a powerful move.
📊 Key Levels:
Support: $652.00 (strong base for buyers)
Resistance: $657.00 (needs breakout for further rally)
💡 Market Outlook: BNB is building pressure within this narrow range. A breakout above $657 could open doors to $662 and $670, while a breakdown below $652 might test $648.
🎯 Trade Setup (Breakout Strategy):
🟢 Long Entry:
Above $657.50 (confirmation breakout)
Target 1: $662
Target 2: $666
Target 3: $670
Stop Loss: $653
🔴 Short Entry:
Below $652 (breakdown)
Target 1: $648
Target 2: $644
Stop Loss: $656
⚠️ Risk Management: Wait for breakout confirmation with volume before entering. Never risk more than 1-2% of your trading capital per trade to protect yourself from volatility traps.
🔥 Final Words: BNB is coiling like a spring – whichever side breaks, expect a sharp and quick move. Stay ready and plan your entries wisely.
💬 Will BNB break upwards or downwards? Comment ⚡ below with your prediction!
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