🚀 $BNB /USDT – Critical Support Retest / Double Bottom Setup
BNB ($BNB ) is retesting the $588–$590 support zone after a sharp pullback, presenting a high-probability long setup.
Trade Setup:
Direction: LONG (BUY)
Entry Zone: $588.50 – $591.00
Stop Loss (SL): $580.00
Take Profit (TP):
TP1: $603.00
TP2: $614.65
TP3: $626.00
Key Levels:
Support: $588.65 / $583.13 / $580.00
Resistance: $592 / $595 / $603 / $614
Strategy:
Conservative: Wait for $589.50 bounce → SL $580 → TP1 $603
Moderate: Scale in $590 & $588.50 → SL $580 → TP1 $603
Aggressive: Enter at $590.44 → SL $580 → TP1 $603
Analysis Notes:
Double bottom forming at $583–$588 zone
Volume cooling on retest indicates potential selling exhaustion
Holding above $588 support is bullish, break below $580 invalidates setup
Risk/Reward:
Risk: $8.50–$11 per BNB
Reward to TP1: $12–$14.5 (1:1.3–1.5)
Reward to TP2: $23.65–$26.15 (1:2.4–1:2.8)
Reward to TP3: $35–$37.5 (1:3.4–1:3.8)
Pro Tip: Wait for 15m candle close above $592 for confirmation before entering full position.
