BNB Surge Incoming? Why Traders Are Watching $674

On the 4H timeframe, BNBUSDT is showing a clear bullish structure with a consistent sequence of higher highs and higher lows since the low formed around June 23. Price action has gradually climbed, forming a well-respected ascending support base. This bullish momentum is further supported by the trend indicator (likely a custom moving average or Supertrend) that has shifted from red to blue and remained supportive of upside movement since late June. The recent consolidation just above the 651–652 support zone suggests that bulls are absorbing selling pressure before potentially pushing higher 📈.

What stands out is how price has broken above previous resistance near 659 and is now hovering near it, turning it into support. This is a textbook break-and-retest pattern, which adds to the bullish case. Buyers seem to be stepping in with confidence around this level.

Key levels are well-marked:
• Support Zone / SL Region: 651.18 – This area has been tested multiple times, making it a strong support and a good level to define risk.
• Resistance 1 / TP1: 674.03 – This is the next target zone, aligned with prior swing highs.
• Resistance 2 / TP2: 687.89 – A more ambitious target in line with broader continuation if momentum holds.

🔐 The current price at 662.07 shows signs of consolidation right above the support-turn-resistance level of 659.03. If the bulls defend this level successfully, continuation toward higher targets is likely.

Trade Setup Summary 🧾
• Entry: Around 662.07 (current market level, post breakout consolidation).
• Stop Loss: Just below the support zone at 651.18, giving enough breathing room while keeping risk controlled.
• Take Profit 1 (TP1): 674.03, a logical level of prior resistance.
• Take Profit 2 (TP2): 687.89, extended resistance zone from previous price action.
• Risk/Reward Ratio: Roughly 1:2.25, offering favorable reward compared to risk.

✅ Why This Trade Setup Makes Sense:
• Break-and-retest confirmation around 659 adds reliability 🔄
• Trend indicator is supportive of bullish momentum 📈
• Risk is clearly defined just below a major support zone 🛡️
• Room for upside toward TP2 offers good potential for reward 💰

Unless price breaks down below 651 with heavy volume, the technical structure remains bullish. If it dips to the support zone again, it might offer a second chance entry opportunity before heading to targets.