$BNB (BNB/USDT) setup for today — Aug 12
Recent market data has BNB around the $600 area, with $580 identified as an important support zone.
🟢 Preferred setup: LONG
Entry: $598–603
Stop Loss: $585
TP1: $620
TP2: $635
TP3: $650
Risk/Reward to TP2: roughly 1:2.5
Entry condition: Prefer a 15m/1h candle to hold above $600 before entering. If BNB breaks and closes below $585, cancel the long setup.
🔴 Alternative SHORT: If $580 breaks decisively and retests from below:
Entry: $578–582
SL: $592
TP1: $565
TP2: $550
#bnb #BNB_Market_Update #ADPPayrollsSurge #ADPJobsSurge #PrivacyCoinSurge
Recent market data has BNB around the $600 area, with $580 identified as an important support zone.
🟢 Preferred setup: LONG
Entry: $598–603
Stop Loss: $585
TP1: $620
TP2: $635
TP3: $650
Risk/Reward to TP2: roughly 1:2.5
Entry condition: Prefer a 15m/1h candle to hold above $600 before entering. If BNB breaks and closes below $585, cancel the long setup.
🔴 Alternative SHORT: If $580 breaks decisively and retests from below:
Entry: $578–582
SL: $592
TP1: $565
TP2: $550
#bnb #BNB_Market_Update #ADPPayrollsSurge #ADPJobsSurge #PrivacyCoinSurge