Price is currently around $628 after rebounding from a clear low at $570.
The broader structure shows:
Price trading below MA25 and well below MA99 → medium-term trend remains bearish.
MA7 is curling upward → short-term recovery in progress.
MACD shows a mild bullish crossover after clear oversold conditions → early momentum recovery, but not a confirmed trend reversal yet.
Key Levels👇
🔹 Major Support:
$570 → critical structural low (liquidity/accumulation zone)
$520–$530 → strong structural support if $570 breaks
🔹 Resistance Levels:
$640–$650 → immediate resistance + MA25 confluence
$700–$705 → key pivot level (previous support turned resistance)
$890 → major higher-timeframe resistance
Potential Scenarios
Bullish Scenario
If price breaks above $650 with strong close and volume:
First target: $705
Second target: $760
A successful retest of $650 as support = continuation signal
Bearish Scenario
Failure to break $640 with weakening momentum:
Retest of $570
A breakdown below $570 opens the path toward $520
Structural Read
The broader trend remains corrective and bearish.
The current move is a technical rebound, not yet a confirmed reversal.
A true structural shift begins only with reclaiming and holding above $705.
Conclusion
I don’t buy support because everyone sees it as support.
I don’t sell resistance just because it’s resistance.
I enter when:
Resistance flips into support with confirmation.
Or support turns into resistance after a decisive breakdown.
BNB is currently at a decision zone.
Between $570 and $650, the next directional move will be defined.
Risk management is what separates traders who survive… from those who disappear.
