I’m looking at $BNB sitting at 686.15, and what catches my eye is the clear rejection from the 704 high paired with today’s -2.23% drop. Price is hovering right around the MA60 at 686.69, which makes this a critical decision zone for me.
Right now, BNB is compressing between the 24h low at 679.09 and the visible resistance near 687.32 on the 15m chart. I don’t see a clear breakout yet—just a tight squeeze with volume picking up slightly. I’d like to see a clean move above the 687.32 area with volume confirmation before considering longs.
What makes this attractive is the bounce off the 679 low and the MA60 holding as support. What could go wrong is a break below 679, which would open the door toward the 90-day low zone near 668.
📍 Entry: Above 687.50 (on a 15m close)
🎯 TP1: 695.00
🎯 TP2: 704.00 (24h high)
🛑 Invalidation: 678.50
If price loses 678.50, I’d step away from this setup because that would take out the 24h low and likely trigger more selling pressure.
I’m watching the reaction here rather than forcing an entry. Confirmation matters more than chasing the move.
https://app.binance.com/uni-qr/cpos/361355720798264?r=TMEXTPT2&l=en&uco=u4t5NRY6-HORtTi_ywKuvw&uc=app_square_share_link&us=copylink
Right now, BNB is compressing between the 24h low at 679.09 and the visible resistance near 687.32 on the 15m chart. I don’t see a clear breakout yet—just a tight squeeze with volume picking up slightly. I’d like to see a clean move above the 687.32 area with volume confirmation before considering longs.
What makes this attractive is the bounce off the 679 low and the MA60 holding as support. What could go wrong is a break below 679, which would open the door toward the 90-day low zone near 668.
📍 Entry: Above 687.50 (on a 15m close)
🎯 TP1: 695.00
🎯 TP2: 704.00 (24h high)
🛑 Invalidation: 678.50
If price loses 678.50, I’d step away from this setup because that would take out the 24h low and likely trigger more selling pressure.
I’m watching the reaction here rather than forcing an entry. Confirmation matters more than chasing the move.
https://app.binance.com/uni-qr/cpos/361355720798264?r=TMEXTPT2&l=en&uco=u4t5NRY6-HORtTi_ywKuvw&uc=app_square_share_link&us=copylink