๐ BNB Technical Insight | Bullish Setup in Play
BNB is trading around $876.65 and consolidating between strong support at $860โ$865 and resistance near $898โ$900. A breakout above resistance could open the path toward $922 and even the psychological $1,000 mark. ๐ฅ
๐ Trade Plan (Long Setup)
๐ฏ Entry: $870โ$875 (inside current range)
โ Stop-Loss: $860 (below key support)
๐ฅ Take Profit 1: $900 (immediate resistance)
๐ฅ Take Profit 2: $922 (breakout target)
๐ฅ Take Profit 3: $952โ$1,000 (extended upside if momentum continues)
โก Why This Setup?
โ Strong support zone holding at $860
โ Increasing buying momentum near resistance
โ Long-term deflationary supply & adoption support BNB fundamentals
โ Attractive risk/reward (up to 1:4 RRR if targets hit)
โ ๏ธ Risk Reminder
Markets remain highly volatile โ always:
๐ Use stop-losses
๐ Manage position size
๐ก Trade responsibly
