$BNB ‌ Setup 📊



Entry: $590 - $605
SL: $570

TP1: $630
TP2: $675
TP3: $745

Analysis:
BNB continues to show relative strength compared to most large caps. After finding strong demand around the $556 low, price staged a solid recovery and is now consolidating above a key support zone. The recent pullback looks controlled, with buyers still defending dips rather than abandoning the trend.

The level to watch is $630. A decisive reclaim there would likely shift momentum back in favor of the bulls and open the path toward $675. Beyond that, the previous swing high around $745 becomes the major target.

What stands out is that BNB isn't making new lows despite broader market weakness. That's usually a sign of underlying strength and often the kind of structure that leads when market sentiment improves.

Confidence: 8.5/10
Bias: Bullish while above $570. 📈🔥

#MarvellPlungesNearly10% #HoldUSD1EarnYield
BNB-1.77%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned