$BNB /USDT BULLISH SETUP – EYES ON $660 RESISTANCE FOR NEXT LEG UP
BNB is currently trading at $650.37, showing stability with a slight daily gain of +0.08%. The price remains near the 24h high of $655.47, reflecting continued bullish interest. Volume is moderately strong, and the price action shows a tightening squeeze just below the key resistance zone at $660, hinting at a possible breakout attempt.
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🔑 Key Levels:
Immediate Resistance: $655.00 – $660.00 (crucial breakout range)
Major Resistance: $680.00 (next target if breakout confirms)
Support Zone: $648.00 – $640.00 (buy zone/demand)
Current Price: $650.37
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📈 Trade Setup – Long Position Idea:
Entry: $648.00 – $652.00 (pullback zone) or breakout above $656.00
Take Profit (TP):
TP1: $660.00
TP2: $680.00
Stop Loss (SL): $639.00 (below key support and round number)
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🧠 Risk Management:
Apply strict 1–2% risk per trade. Enter only after price confirms breakout or pulls back to support with buying interest. Watch broader market sentiment (e.g., BTC, ETH) for added confirmation.
Conclusion: $BNB is in a bullish consolidation phase, forming a strong base above $640. A clean break above $660 could lead to a swift rally toward $680 or higher, driven by renewed volume and market-wide strength. Ideal for breakout or dip-buying strategies with well-managed risk.
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