$BNB /USDT

BNB tearing back from the crash low and slamming straight into major resistance

trade plan: long $BNB

entry: 610 to 620

stop loss: 596

targets

tp1: 624

tp2: 640

tp3: 658

move sl to entry after tp1.

click 👇 and long $BNB

BNB
BNBUSDT
625.59
+3.49%

Daily structure shows BNB still recovering from the sharp dump off 746 down to 556, with price currently sitting below both the daily ema25 and ema99 so the bigger trend is not fully confirmed yet. On H4 the recovery built a clean series of higher highs and higher lows and price is now pushing right into the prior swing high near 623. H1 confirms the same momentum, trading above all emas and pressing the upper boll band with stoch rsi well into overbought near 82. Obv is climbing off the lows on lower timeframes but still negative overall, so a rejection from the 624 to 626 daily cluster is the main risk here, risk max 1 to 2.