$BNB /USDT Recovery After Significant Drop — Buyers Attempting to Reestablish Dominance

BNB has made a strong rebound from a significant demand area close to 570, creating a distinct recovery pattern on the hourly chart.

Following a swift decline from the 760 region, the price has begun to form higher lows and is currently stabilizing around 650, indicating that buyers are slowly re-entering the market.

Provided that BNB remains above the support range of 620 to 630, the bullish recovery trend is still intact. A decisive move above 670 could signal additional gains toward the subsequent resistance levels.

Trade Setup

Entry: 636 – 660

Target 1: 677

Target 2: 710

Target 3: 739

Stop Loss: 611

#BNBUSDT #MarketCorrection #ADPDataDisappoi #ADPWatch

BNBUSDT

Διην.

647.01

-1.44%