$BNB is not far from another breakout, but three levels matter first.
1️⃣ $705-$710
The immediate resistance.
A clean 4H close above this zone with stronger volume would tell me the consolidation is resolving upward.
2️⃣ $727
The previous swing high.
This is the real breakout level. If $BNB clears it, the next expansion could target $745 and then $765.
3️⃣ $673-$680
The support zone I don't want to see lost.
It lines up with the EMA25 area and the previous consolidation structure.
My preferred setup:
LONG after a confirmed breakout and retest around $704-$710.
SL: $690
TP1: $727
TP2: $745
TP3: $765
The trend is still bullish.
But after a move from roughly $600 to $727, I would rather trade the next confirmation than chase the middle of the range.
Trade the level, not the candle.
⇢ Click here to Trade 👇️
1️⃣ $705-$710
The immediate resistance.
A clean 4H close above this zone with stronger volume would tell me the consolidation is resolving upward.
2️⃣ $727
The previous swing high.
This is the real breakout level. If $BNB clears it, the next expansion could target $745 and then $765.
3️⃣ $673-$680
The support zone I don't want to see lost.
It lines up with the EMA25 area and the previous consolidation structure.
My preferred setup:
LONG after a confirmed breakout and retest around $704-$710.
SL: $690
TP1: $727
TP2: $745
TP3: $765
The trend is still bullish.
But after a move from roughly $600 to $727, I would rather trade the next confirmation than chase the middle of the range.
Trade the level, not the candle.
⇢ Click here to Trade 👇️
