🚀 $BNB/USDT Trade Signal – Breakout Loading? 📊
Current Price: $624
Timeframe: 1D
Bias: Bullish (but near key resistance)
$BNB is maintaining a strong daily uptrend with consistent higher lows, showing that buyers are still in control. However, price is now approaching a major supply/resistance zone around 630–640, which is the key level to watch.
📌 Market Structure:
✅ Higher lows on daily chart
✅ Strong demand zone: 590 – 600
⚠️ Major resistance: 630 – 640
BNB is bullish, but currently sitting right below resistance pressure.
🟢 Bullish Setup (Breakout Continuation)
Entry Zone: 618 – 626
Stop-Loss: 598
🎯 Targets:
TP1: 640
TP2: 670
TP3: 705
📈 Confirmation Signals:
✔ Daily close above 640 = breakout strength
✔ Volume expansion = continuation confirmed
🔴 Bearish Scenario (Invalidation)
If BNB closes below 598, momentum weakens and downside opens up toward:
📍 565 support
📍 540 zone next
💡 Practical Trading View:
At $624, BNB is already in the mid-to-upper range. Best risk/reward comes from either:
➡️ a pullback near 610, or
➡️ a confirmed breakout above 640.
Avoid chasing extended green candles — let the market confirm the move.
Trade smart. Risk management first.
#BNB #BNBUSDT #CryptoTrading #TechnicalAnalysis #BinanceSquare