$BNB /USDT: Binance Coin Recovery - Reclaiming Ground
+0.61% today = grinding higher. +0.28% weekly, -31.79% monthly. Bottomed at $597.28, rallying to $610.53, consolidating at $608.56.
The Play:
📈 BUY Zone: $606-$608.56 (support above recent rally)
🎯 Targets: $612 | $614.80 (24h high) | $618 | $622
🛑 Stop: $602
OR if rejection:
📉 SHORT Zone: $612-$614.80 (24h high resistance)
🎯 Targets: $606 | $602 | $597.28 (recent low)
🛑 Stop: $616
Key Levels: Volume 66.13M USDT. Strong recovery from $597.28 to $610.53, holding above $608. Above MA(5), approaching MA(10) = improving. Still damaged: 90-day -26%, 180-day -31%, 1-year -6.30%.
Uptrend forming. Bottoming process?
⚠️ DYOR - BNB showing resilience. Bottomed at $597.28, rallied to $610.53, holding $608. Up +0.61% today, flat weekly. Still down -31% monthly but recovery underway. Volume spike on recent green candle = buyers stepping in. Watch $614.80 resistance - break = continuation to $622, fail = consolidation or retest $602.
Risk Level: MODERATE 🔥
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