$BNB USDT rallied strongly from the 583–586 demand zone and extended toward 606–607, where sellers stepped in and capped the move. The recent rejection pushed price back toward 598–600, but buyers responded quickly, preventing a deeper breakdown and keeping the market above a key intraday support area.
On the lower timeframes, BNB is forming a base around 598–600 after the pullback. The latest candles show reduced selling pressure, while repeated reactions from support suggest liquidity absorption. Despite the rejection from local highs, the structure still favors buyers as long as higher lows continue to hold. A reclaim of 602 could increase breakout pressure toward the recent resistance zone.
Entry Point
599.00 - 601.00
Target Point
TP1: 604.50
TP2: 607.50
TP3: 612.00
Stop Loss
596.00
This setup can work because BNB is consolidating above a well-defended support zone after a strong upward move. The pullback appears controlled, volume behavior suggests sellers are losing momentum, and buyers continue absorbing supply near 600. A recovery above nearby resistance could trigger fresh upside momentum and a retest of the recent highs.