$BNB Consolidation & Major Support Re-test 📉
Entry Zone: 605.00 – 615.00
Bullish Above: 635.00
TP1: 630.00
TP2: 645.00
TP3: 655.00
SL: 595.00
$BNB is currently in a corrective phase on the 4H chart, trading at 613.36 with a 2.42% decline. The price action has retreated significantly from its recent local high of 652.80, breaking through several minor support levels. It recently tested a 24-hour low of 605.86, which currently serves as a critical structural floor. While the short-term momentum is bearish, the price is seeing some stabilization and small buyer interest at these current levels. For a bullish trend to resume, $BNB needs to establish a solid base here and ideally reclaim the 630.00 zone to neutralize the current selling pressure.