Technical Analysis for $BNSOL

/USDT

Current Price: $203.3

Momentum: Bullish (Price has risen by +4.26%)

Trade Signal:

Trend: Uptrend confirmed with higher highs and strong volume.

Support: $194.9 (24h low)

Resistance: $206.2 (24h high, immediate breakout point)

Trade Setup:

Entry: $202–$203 (current range, pending confirmation of momentum)

Stop Loss: $194 (below key support)

Targets:

1. 🎯 Target 1: $208 (near immediate resistance breakout)

2. 🎯 Target 2: $215 (medium-term Fibonacci level or prior high zone)

3. 🎯 Target 3: $222 (long-term resistance or extended bullish run target)

Momentum Indicators:

RSI: Likely near the overbought region but sustainable.

MACD: Positive crossover supporting momentum.

Volume: High, reflecting active market interest.

Caution: Keep monitoring resistance at $206.2 for rejection. Adjust targets based on volatility and trading updates.

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