Lingrid | BNBUSDT breakout Setup. Preparing for Bullish Surge?

333
BNBUSDT is facing strong resistance below the red descending trendline, repeatedly forming lower highs as it struggles to break above 650. The price is coiling between the 636 and 648 zones, hinting at a potential breakout or breakdown move. A clean rejection could drag price back to the 601 support area, while a surge above 650 opens the path toward 665.

📈 Key Levels
  • Buy zone: 636–640
  • Sell trigger: rejection from 648 or breakdown below 636
  • Target: 665
  • Buy trigger: breakout and close above 650 with volume

💡 Risks
  • Range continuation may trap breakout traders
  • Failure to hold 636 could accelerate downside
  • Resistance at 665 may cap bullish move short-term

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.