🚨$BNB /USDT Technical Analysis🚨
📊$BNB currently trades at $738.41, down 2.04% on the day. The 24-hour trading volume is $301.98 million.
Technical Outlook:
📉 Short-Term: BNB is facing resistance around the $761 level, the recent 24-hour high. A break above this level could signal further upside potential.
📈 Long-Term: The overall trend for BNB remains bullish, with significant gains over the past year.
Trading Ideas:
📉 Short Entry: Consider shorting BNB at $750 with a stop-loss at $765. Target $720.
📈 Long Entry: A potential long entry could be considered at $725 with a stop-loss at $715. Target $750.
🎲Risk Management:
* Always use stop-loss orders to limit potential losses.
* Manage risk by diversifying your portfolio and not overexposing yourself to any single asset.
⚠️Disclaimer: This is not financial advice. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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