$BNB is near a key resistance zone and is showing bullish momentum in the local structure. Currently preparing for a breakout.
๐Trading setup : Entry: 609.45
๐ฏTP1 : 620.00
๐ฏTP2 : 632.00
๐Stop Loss : 598.00
Reason for Trade:
* The uptrend is continuing by forming a higher low structure on the 1H timeframe.
* The price is repeatedly testing the 610 resistance, weakening the sellers, which indicates a breakout.
* A bounce has been seen from the lower support zone with good volume.
* Overall market sentiment is currently turning positive.
The market is volatile, so you have to manage your own risk.
#Binance @Binance Academy @Binance Square Official
๐Trading setup : Entry: 609.45
๐ฏTP1 : 620.00
๐ฏTP2 : 632.00
๐Stop Loss : 598.00
Reason for Trade:
* The uptrend is continuing by forming a higher low structure on the 1H timeframe.
* The price is repeatedly testing the 610 resistance, weakening the sellers, which indicates a breakout.
* A bounce has been seen from the lower support zone with good volume.
* Overall market sentiment is currently turning positive.
The market is volatile, so you have to manage your own risk.
#Binance @Binance Academy @Binance Square Official