What an impressive and clean uptrend on $BNB 🔥
I’m still looking for further upside here, as both the chart structure and technicals remain bullish.
$BNB is trading within a clear rising channel, and as long as that structure holds, the trend remains in favor of the bulls.
The biggest factor to watch is BTC. We need sustainable price action from Bitcoin throughout the week. If BTC suddenly reverses and starts dumping, the party across many altcoins could end very quickly.
For now, a long setup on $BNB makes sense to me, with an initial profit target around $620–$630.
But don’t ignore the downside:
$590 is an important channel support level.
If that support breaks, the setup needs to be reassessed.
Trade the structure, not the excitement. Manage your risk accordingly.
I’m still looking for further upside here, as both the chart structure and technicals remain bullish.
$BNB is trading within a clear rising channel, and as long as that structure holds, the trend remains in favor of the bulls.
The biggest factor to watch is BTC. We need sustainable price action from Bitcoin throughout the week. If BTC suddenly reverses and starts dumping, the party across many altcoins could end very quickly.
For now, a long setup on $BNB makes sense to me, with an initial profit target around $620–$630.
But don’t ignore the downside:
$590 is an important channel support level.
If that support breaks, the setup needs to be reassessed.
Trade the structure, not the excitement. Manage your risk accordingly.