🎯 Trade Setup: $BNB — BNB Compressing Near Yearly Lows — Accumulation Opportunity
● Long Entry: $620 – $642
🎯 TP1: $680 | TP2: $730
🛡️ Stop Loss: $598
📊 Logic: BNB is trading near its 52-week low area ($570), down -1.56% today, with EMA20 sitting around $660 acting as the first overhead resistance.
The coin is in a clear downtrend from its $1,370 high but the current compression near support at $600–$620 shows selling exhaustion. A bullish reversal candle on 1H above $645 with increasing volume would validate an entry targeting $680 and $730.
#bnb #crypto #BinanceSquare #trading
Not financial advice. Always manage your risk.