Market Insight of BNB/USDT Analysis
Looking at the $BNB 15m chart, we’re seeing a very clear shift in momentum. After a sharp dip to the $598 support zone, the bulls have stepped in with conviction.
Technical Breakdown:
* Trend Recovery: Price has successfully reclaimed the MA(7), MA(25), and MA(99), flipping previous resistance into a solid launchpad.
The Play: BULLISH
I am leaning Bullish for a scalp/intra-day move. The structure suggests we are preparing to test the recent high at $619.77 and potentially break toward $625+.
* Entry Zone: $614.00 – $616.50
* Target 1: $619.80 (Immediate Resistance)
* Target 2: $624.50 (Extension)
* Stop Loss: $611.00 (Below the MA99)
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