The trading plan worked almost perfectly. The breakout above 664 triggered the buy stop at 665 and the move quickly reached the first target at 672. Price continued pushing higher and came very close to the next target at 680, missing it by just one dollar. This was a clean example of how patience during consolidation and entering on confirmation can capture a strong momentum move. Overall the setup played out as expected and the strategy proved effective.

$BNB is consolidating below the 664 resistance on the 1H chart and forming a bullish continuation structure.

The market is compressing liquidity under the level and a breakout is likely once the stops above are triggered. Trading plan is to place a buy stop at 665 to catch the momentum breakout. If price breaks and holds above 664 the next targets are 672, 680 and potentially 690.

Risk management is important in case of a fake breakout, so a protective stop below the local structure around 657 is reasonable.

For quick transition click $BNB

The idea is to enter only on confirmation of strength rather than buying inside the consolidation.