$BNB Update
BNB has transitioned from its prior distribution phase into a short-term expansion after reclaiming the 614–620 region. The current market structure supports a buy-the-dip strategy as long as price holds above reclaimed demand and momentum remains intact.
Trading Plan — LONG
Entry: 618 – 624
Stop Loss: 605 (below the reclaimed breakout zone and last confirmed higher low)
Targets: 631 → 640 → 655 → 670
Technical Outlook
Price established a higher low at 588 and has since formed a sequence of higher highs, decisively reclaiming the previous breakdown structure around 614. The impulsive move toward 631 reflects expansion behavior rather than a corrective bounce, indicating absorption of overhead supply.
As long as pullbacks remain shallow and price sustains above 614, the structure favors continuation over distribution. The bullish thesis remains valid while BNB maintains 4H acceptance above 614 and avoids a decisive close below 605.
A strong 4H close beneath 605 would invalidate the setup by breaking the higher-low sequence and signaling potential structural weakness.
Current bias remains tactically bullish. Pullbacks into reclaimed demand zones present execution opportunities, with risk clearly defined below structural support.
Trade responsibly.