I’m watching $BNB /USDT around 720.62, with price sitting just below the visible MA60 at 720.70. The chart shows a sharp rejection from the 721.29–721.53 area, followed by a pullback toward the 720.55–720.32 zone.
For me, the interesting part is whether price can reclaim 720.70 and hold above it. That would make the setup cleaner, especially if momentum pushes back toward the recent visible resistance levels. I wouldn’t chase while price remains below the MA60.
📍 Entry: 720.62–720.70
🎯 TP1: 720.81
🎯 TP2: 721.05
🎯 TP3: 721.29
🛑 Invalidation: 720.32
If price loses 720.32, I’d step away from this setup because that would break below the lowest visible support area on the chart.
The setup is still fairly tight and uncertain, so I’d want to see a reclaim of 720.70 rather than assuming the bounce will continue. For me, the key is confirmation first, then watching how price reacts around 720.81 and 721.05.
For me, the interesting part is whether price can reclaim 720.70 and hold above it. That would make the setup cleaner, especially if momentum pushes back toward the recent visible resistance levels. I wouldn’t chase while price remains below the MA60.
📍 Entry: 720.62–720.70
🎯 TP1: 720.81
🎯 TP2: 721.05
🎯 TP3: 721.29
🛑 Invalidation: 720.32
If price loses 720.32, I’d step away from this setup because that would break below the lowest visible support area on the chart.
The setup is still fairly tight and uncertain, so I’d want to see a reclaim of 720.70 rather than assuming the bounce will continue. For me, the key is confirmation first, then watching how price reacts around 720.81 and 721.05.
