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$BNB /USDT Showing Early Signs of Recovery – Is a Breakout Coming?
$BNB /USDT is currently trading at $609.30, down -0.57%, but the price action suggests a potential short-term recovery after the recent pullback. Buyers appear to be stepping in near key support levels, helping the market stabilize.
📊 Market Structure & Key Levels
After retracing from recent highs, BNB is now attempting to hold above a crucial demand zone. If support continues to hold, we could see a renewed push toward higher resistance levels.
🔹 Support Levels:
596.00
588.00
🔹 Resistance Levels:
620.00
640.00
Holding above the $596 area keeps the short-term bullish structure intact. A clean breakout above $620 could accelerate momentum toward the next resistance zones.
🎯 Trade Setup (Perpetual Futures – BNBUSDT Perp)
Entry Zone: 596.00 – 609.00
Take Profit Targets:
TP1: 620.00
TP2: 640.00
TP3: 660.00
🛑 Stop-Loss: 575.00
This setup offers a favorable risk-to-reward ratio if price maintains support and confirms bullish continuation.
⚠️ Final Thoughts
Market sentiment is cautiously optimistic. If buyers defend support and volume