$BNB Analysis and Trade Setup 🔹

📈 Potential Trade Setup

Long Setup (Bounce Scenario):

If BNB maintains support above $600, this could be an opportunity for a bounce.

📍 Entry Zone: $610 - $612 (on confirmation of bounce or bullish candlestick)

🎯 Target (TP): $625 – The next potential resistance level

🛑 Stop-Loss (SL): $599 – Below recent support to minimize risk

Short Setup (Breakdown Scenario):

If BNB fails to hold above $600, a breakdown could provide a short opportunity.

📍 Entry Zone: Below $600 (on breakdown confirmation)

🎯 Target (TP): $585 – Previous support level

🛑 Stop-Loss (SL): $610 – Just above breakdown level for protection

Timeframe: 15-minute chart

🔍 Chart Analysis

BNB has recently bounced off the lower support band near $600, indicating some buying interest at this level. The price is now approaching the 50-period moving average, which has acted as both support and resistance in the past.

Key Levels:

Support: $600, $585

Resistance: $625, $639

Watch for price action around $600 for potential entry signals.#BNBAnalysis