🚀 $BNB /USD: TESTING KEY SUPPORT AND RESISTANCE – WATCH FOR A BREAKOUT! ⚡
The $BNB /USD pair is currently trading at $725, holding near crucial levels. This consolidation could be setting the stage for a breakout, so traders should stay vigilant around these zones.
📊 Trade Scenarios:
Entry Point: $725
Take Profit (TP) 1: $740
Take Profit (TP) 2: $755
Take Profit (TP) 3: $770
Stop Loss (SL): $710
Support is found at $710, while resistance lies at $740. A breakout above $740 could fuel a bullish move toward $755 and $770. Conversely, a drop below $710 may signal a bearish retracement.
📉 Market Outlook:
BNB/USD is consolidating above the key support at $710. If the price holds above this level, we could see a continuation toward $740 and beyond. However, a break below $710 could lead to a potential pullback.
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