$BNB : Scouting the Bullish Order Block.

Binance Coin ($BNB) is navigating a sharp corrective phase, trading near $590. While the 1H-4H momentum is currently bearish with negative funding rates, we are approaching a major institutional Demand Order Block.

๐Ÿ“Š Technical Setup

* The Order Block: A strong structural support zone sits between $575 โ€“ $615. This area aligns with the 0.618 Fibonacci level and represents a key defensive floor for bulls.

* Momentum: RSI is dipping into oversold territory (<30), signaling a potential relief bounce if the order block holds.

BNB
BNBUSDT
607.11
+1.16%

๐ŸŽฏ Tactical Signal

โ—Entry Zone: $585 โ€“ $610 (Look for 15M market structure shift).

โ—Target 1: $640 (Local resistance).

โ—Target 2: $690 (Major supply zone).

โ—Stop Loss: Below $570 (Invalidation of the block).

Professional Opinion: In the current "risk-off" environment, $BNBโ€™s utility and deflationary burning provide a stronger floor than speculative assets. Wait for confirmation before catching the falling knife. #BinanceBitcoinSAFUFund $BTC $CAKE