Technical Analysis: $BNB /USDT
Current Price: $673.45 (+3.23%)
Timeframe: 30m Chart (Binance)
Key Technical Levels
1. Target Achieved: $673 (Short-Term Resistance)
The price has successfully reached the resistance level at $673, consolidating around this zone.
2. Next Target (Upside): $680
If momentum persists, the next major resistance is at $680. Watch for strong volume to confirm the breakout.
3. Support Levels:
Immediate Support: $670
Critical Support: $650 (Previous Demand Zone)
Trading Strategy
Short-Term Traders:
Consider booking partial profits at $673 while trailing stop-losses to secure gains. Breakout above $680 could lead to further upside.
Long-Term Traders:
Accumulate on pullbacks near $650, targeting the $700 zone if the bullish trend strengthens.
Indicators to Watch:
Volume Spike at resistance zones for confirmation.
RSI Levels for overbought conditions around $680.
