📊 $BNB /USDT Technical Analysis & Trade Setup (Short-Term) 📉
BNB is currently trading at $729.74, showing a +2.03% increase in the last 24 hours. Here's our short-term outlook based on technical analysis:
Key Levels:
24h High: $745.93
24h Low: $705.06
Resistance: $745.00
Support: $705.00
Technical Indicators:
MACD: Bearish divergence suggests potential downward momentum.
RSI: Near overbought zone, indicating possible selling pressure.
Bollinger Bands: Price nearing the upper band, signaling overextension.
Strategy: Short Trade Setup
If BNB fails to break resistance at $745, consider a short position with the following targets:
1. Target 1: $720.00 (First profit zone)
2. Target 2: $710.00 (Mid-support)
3. Target 3: $705.00 (Critical support level)
Stop Loss: $750.00 (Above resistance to minimize risk).
⚠️ Disclaimer: This is not financial advice. Always perform your own research and manage risk wisely.
What’s your outlook on BNB? Let us know in the comments! 🚀
