$BNB Setup 1: The Breakout-and-Retest (Long)
This is the highest-probability setup if the broader altcoin market remains bullish. BNB has attempted to break the $680–$690 zone multiple times. A clean daily close above this level confirms the double-bottom reversal.
Trigger: Wait for a decisive daily candle close above $690 on high volume, followed by a successful retest of that same zone as new support.
Entry Zone: $680 – $692 (on the retest)
Stop Loss (SL): Below $660 (protects against a fakeout back into the range)
Take Profit (TP) Targets:
TP1: $760 (Local resistance / Fibonacci extension)
TP2: $815 (Medium-term structure high)
TP3: $960 (Macro range high)
Setup 2: The Range-High Rejection (Short / Mean Reversion)
Sellers are actively defending the $680 region, and the price recently showed a minor swing failure pattern near $687. If the volume fades and BNB fails to reclaim this ceiling, expect a rotation back to the local range value area.
Trigger: Rejection signs (bearish engulfing or long upper wicks) on the 1H or 4H timeframes near the $675–$685 window.
Entry Zone: $670 – $680
Stop Loss (SL): $695 (Just above the breakout invalidation point)
Take Profit (TP) Targets:
TP1: $651 (Immediate local support)
TP2: $636 (Mid-range liquidity pocket)
TP3: $583 (Major daily support floor)
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