🚀 $BNB /USDT Analysis – Is a Breakout on the Horizon? 🔥
The BNB/USDT pair is currently trading at 691.47, reflecting strong bullish momentum on the 15-minute chart. The price is approaching the daily high of 697.08, but resistance at 697.50 remains a key obstacle. Buyers are driving the trend with higher highs and higher lows, though sellers are active near the resistance zone.
🔑 Key Levels to Watch:
Resistance: 697.50 – A breakout here could pave the way for 699-705.
Support: 680 – A crucial level for bulls to hold during a pullback.
🎯 Entry Strategies:
Bullish Entry: Wait for a confirmed breakout above 697.50 (e.g., a strong green candle). Target 699+, with a stop-loss near 695.
Bearish Entry: If 697.50 gets rejected, consider shorting with a target of 680 and a stop-loss at 697.
Momentum is building – will bulls break through, or will sellers take control? Keep a close watch on these critical levels! 📈
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