$BNB USDT At Key Level Breakout Loading Or Rejection Ahead
BNB is currently trading around 621.58 on the 15m timeframe after printing a local high near 625.63 and a 24h low around 592.49. Price has shown a short term higher high structure, but recent candles indicate rejection near the 624–626 resistance zone.
Technical Analysis
Immediate Resistance: 624–626 (recent intraday high and rejection zone)
Major Resistance: 630 psychological level
Immediate Support: 618–620 intraday structure support
Strong Support: 610–612 previous consolidation base
The recent push toward 625 shows bullish momentum, but the pullback suggests sellers are active near resistance. If RSI is hovering near the upper zone, that indicates mild overbought conditions on lower timeframes. A flattening MACD or weakening histogram would confirm slowing bullish momentum. Overall, short term momentum is cooling but structure remains constructive above 618.
Market Sentiment
On the 15m chart, sentiment is Neutral to Slightly Bullish. Buyers are still defending higher lows, but without a clean breakout above 626, bulls do not have full control yet.
Strategy
Trade Plan: Wait for confirmation.
Bullish scenario: Entry on a strong breakout and close above 626 with volume, targeting 630–635.
Bearish scenario: If price loses 618 support, short term pullback toward 610–612 is possible.
Patience is key here. Chasing at resistance is risky. Let the market confirm direction.
Are you expecting a breakout above 630 or a rejection back to 610? Share your bias below.
Not Financial Advice. Always manage risk.
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