🚀 BNB Breakout Setup — Testing Resistance
Current Price: $617.02 (+2.93% in 24h)
24h Range: $592.20 - $624.85
Volume: 171.8k $BNB
PRICE ACTION:
4h chart shows strong bullish momentum. After consolidation around $600-606, BNB spiked to $624.85 (4h high) with volume surge (56k BNB in last candle). Current close at $617.10 — price holding above $615 support, testing resistance zone.
Daily structure remains bullish. From $583.52 low, price built higher lows and is now testing $624.85 resistance. Volume elevated across recent candles.
📊 LONG SETUP:
▪ Entry: $617.50 (above recent high)
▪ Stop Loss: $609.00 (below 4h support)
▪ Risk: $8.50
▪ TP1 (2RR): $634.00 (+$17 = 2x risk)
▪ TP2 (3RR): $643.50 (+$26.50 = 3x risk)
▪ Invalidation: Close below $609
⚠️ Key: Break above $624.85 targets $634-643 zone. Tight SL needed—watch 4h close.
#BNB #Crypto #Trading #Analysis
DYOR — This is not financial advice. Always do your own research and manage risk.
