🚀 BNB ATH Setup: Rally or Reversal?
Binance Coin recently surged to its all-time high at $1,370. After retracing from the top, momentum has shifted, and the price is currently consolidating around $1,117.
For traders seeking momentum continuation:
Entry: Buy on confirmed hourly close above $1,180 (breakout pivot, not ATH).
Targets: $1,250 (major resistance zone); $1,320 and $1,370 are higher resistance zones corresponding to the true ATH.
Stop Loss: $1,140 (recent support; backup support at $1,105).
BNB is showing increased volatility following aggressive buying and profit-taking, with recent price swings and a sharp correction from its peak. Risk management is key—stop-losses and controlled position sizing are highly recommended as rapid swings remain possible.
#bnb #Binance #altcoins #cryptotrading @BNB Chain $BNB
Disclaimer: High volatility brings increased risk. Adjust position sizing and account for sharp swings!
