$BNB
BNB/USDT 4H Technical Analysis
On the 4H chart, BNB is trading around $616 after a strong bearish move from the $780 area down to $570. Price has now entered a sideways consolidation range between $590 – $635.
The recent structure shows lower highs, indicating mild bearish pressure.
Volume has decreased, confirming consolidation.
$600–$590 acts as strong support.
$630–$640 is immediate resistance.
Overall bias: Neutral to slightly bearish unless price breaks above $635 with volume.
🔵 Long Setup (Breakout Strategy)
Entry: $635 (4H candle close above resistance)
Target 1: $660
Target 2: $690
Stop Loss: $610
🔴 Short Setup (Rejection Strategy)
Entry: $630–$635 rejection zone
Target 1: $600
Target 2: $575
Stop Loss: $650
📌 Key Levels to Watch:
Support: $590
Resistance: $635
Breakdown below $590 could push price toward $550.
Trade with proper risk management