$BNB – Bullish Momentum Gaining Ground, Eyes on $655 Breakout
Trading Plan: Long $BNB 🚀
Entry: 638.42 – 642.33
SL: 624.30
TP1: 648.45
TP2: 652.30
TP3: 655.60
Analysis:
The 4-hour chart shows a strong recovery with a series of higher lows. Currently, $ BNB is trading just below its recent local peak of $645.67, and the Supertrend indicator has turned green, confirming a bullish trend.
The MACD is showing positive divergence with the signal line trending upward, while the RSI (6) at 69.79 indicates strong buying pressure without being overly exhausted. Additionally, the Depth Chart shows significant buy-side support (71.74% Bid vs 28.26% Ask), suggesting that any minor dips are being quickly absorbed by buyers. If price holds above $638, we are likely to see a push toward the $655 target.
Trade $BNB here 👇