$BNB is maintaining a bullish market structure on the 1H timeframe, with higher highs and higher lows following a strong breakout, indicating buyers remain in control.
Price is consolidating around the $600 psychological level after rejecting the recent high near $605.50, with immediate support at $596 and resistance at $605.50; holding above support increases the probability of a continuation toward new local highs.
EP 600.50
TP 605.50 / 610.00 / 615.00
SL 595.80
The bullish scenario remains valid while price holds above $596, while a sustained break below $595.80 would invalidate this setup and increase the likelihood of a deeper pullback.
Price is consolidating around the $600 psychological level after rejecting the recent high near $605.50, with immediate support at $596 and resistance at $605.50; holding above support increases the probability of a continuation toward new local highs.
EP 600.50
TP 605.50 / 610.00 / 615.00
SL 595.80
The bullish scenario remains valid while price holds above $596, while a sustained break below $595.80 would invalidate this setup and increase the likelihood of a deeper pullback.