BNB: breakout the triangle but still you should wait

483
Hi guys!

BNB is currently showing strong bullish structural shifts. After carving out a solid Inverse Head and Shoulders bottom, price action successfully broke above the triangle pattern. However, we aren't quite in "clear skies" territory yet.

The Setup
While the initial breakout is encouraging, BNB is currently hitting a wall at a critical supply zone. To confirm a sustained move, we need to see a decisive break above the $632.50 resistance level.

The Strategy
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  • ]Entry Trigger: Wait for a clean daily close above $632.50.
  • Execution: Look for a long position on the retest of that level (flipping old resistance into new support).
  • Primary Targets: * T1: $660.00
  • T2: $672.00 (Pattern Profit Target)


Bottom Line: The foundation is there, but patience is key. Let the market prove it can hold above $632.50 before committing to the long.

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