$BNB - LONG Setup
Entry: 850.00 – 852.00 (On a bounce from the immediate support zone with bullish confirmation)
Target 1:870.00
Target 2:885.00
Stop Loss:843.00 (Below the 24h low and key support)
My View:
BNB is consolidating in a tight range near its cycle highs,showing remarkable strength. The price is firmly holding above the $850 support level, which has been tested multiple times and held. The order book shows significant bid walls stacking up just below the current price, indicating strong buying interest. The structure is bullish, with the price making consistent higher lows on the daily chart. This consolidation is healthy after a strong run and often precedes the next leg up. I'm looking for a bounce off this $850–$852 demand zone with a bullish candle to enter long, targeting a breakout towards the next resistance area.
Bias: Bullish above $850. A breakdown below $843 would signal a deeper pullback is likely.
Disclaimer:My plan. Not advice. Trade your own risk.
