Technical analysis by ArminMah about Symbol BNB: Buy recommendation (7/11/2025)

1. Recent Price Action & History BNB is consolidating around $660–$690, recently hitting a 52‑week high near $793 in May, with a 24‑hour range between $668–$687 Nasdaq +14 TradingView +14 CoinDCX +14 . Over the past month, it’s gained ~2–3%, with an uptick of ~4% in late June CoinLore +3 TradingView +3 changelly.com +3 . 2. Technical Setups Supporting Uptrend Descending wedge breakout on 4‑hour chart, with targets around $697–710, then resistance at $728 TradingView +2 CoinDCX +2 tradinglounge.com +2 . Bullish flag & inverse H&S patterns suggest continuation toward $750–800+ . Elliott Wave count shows corrective Wave ② ending near $633, projecting a Wave ③ rise; invalidation if drops below $597 TradingView +2 tradinglounge.com +2 TradingView +2 . Support zones holding firm at $648–637 and $608–592 . 3. Key Indicators Price is above short‑ & mid‑term EMAs, waiting for hold above the 100/200‑day EMA confluence (~$612) tradinglounge.com +3 Iconomi +3 CoinDCX +3 . The Stochastic RSI is overbought, risks a short consolidation before next leg . 🎯 Trade Analysis & Recommendation You mentioned TP = 781, SL = 610. Here's an aligned plan: AspectDetails EntryAfter retracement into $648–660 or break above $690 Stop Loss (SL)Place around $610–$597 (key support/invalidation zone) Take Profit (TP)Primary: $750–781 zone; beyond that, targets near $800–$830 plausible Risk ManagementRisk ~5%, expect consolidation before breakout 🧭 Summary Bullish stance justified — price structure supports uptrend, with clear technical triggers and historical momentum. Watch $648–637 and $610–597 as critical levels for pullback and stop placement. If BNB stays above those, chance of hitting your $781 TP is solid, with upside potential beyond. Bottom Line: Go long on consolidation pullback or breakout above ~$690 SL: ~$610 (or conservative $597) TP: initial $781, trailing into $800+ if momentum continues Tailor position size for acceptable risk and monitor EMA/RSI for signs of exhaustion.