Key support resistance plane, Technical analysts look for support zones (where demand may halt a decline) and resistance zones (where supply may cap a rally). On BNB’s 1h chart, recent swing lows around $615 have acted as support, while prior highs near $645–650 serve as resistance. A break above $645 would invalidate that resistance, whereas a drop below $615 would target lower support near ~$590.
Trend and Chart Pattern
The short-term trend is bullish: price is making higher lows and higher
This setup targets a low-risk, high-reward trade with a strong support bounce at $168 and upside toward the next major barrier at $200, while limiting downside risk below $160.