$BNB it still seems strong, but I wouldn’t try to chase it directly at 704.90 after this sudden break. The price is holding above the MA7 667.97, MA25 618.08, and MA99 602.37 averages, so the trend is still clearly up.
Bias: Long (buy) on a pullback
Entry zone: 685 to 695
Stop: below 665
TP1: 708
TP2: 725
TP3: 745 if the momentum continues
I prefer to go long because BNB broke above the previous consolidation in the 600 to 620 range, and buyers are still sustaining the move with volume. A short only makes sense if price strongly rejects near 708 and loses 690 on a strong sell. Until then, the cleanest setup is to wait for a pullback to support and look for continuation.
Bias: Long (buy) on a pullback
Entry zone: 685 to 695
Stop: below 665
TP1: 708
TP2: 725
TP3: 745 if the momentum continues
I prefer to go long because BNB broke above the previous consolidation in the 600 to 620 range, and buyers are still sustaining the move with volume. A short only makes sense if price strongly rejects near 708 and loses 690 on a strong sell. Until then, the cleanest setup is to wait for a pullback to support and look for continuation.
