$BNB is near a key resistance zone and is showing bullish momentum in the local structure. Currently preparing for a breakout.
BNBUSDT
Perp
610.37
+0.71%
📌Trading setup : Entry: 609.45
🎯TP1 : 620.00
🎯TP2 : 632.00
👉Stop 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.