🚨 $BNB Price Action: Critical Levels Ahead – Prepare for a Big Move! 🚨
$BNB is currently trading at $652.22, showing a minor decline of 0.34% in the last 4 hours. The price is consolidating between key support and resistance zones, hinting at a decisive move soon.
Key Levels to Watch:
Immediate Support: $627.99
BNB must hold this level to avoid further decline. A breakdown could lead to a slide toward $600.
Major Resistance: $655.20
A breakout above this level will attract buyers, potentially pushing BNB toward the next targets.
Three Targets for Traders:
1. Target 1: $670 – Minor resistance after breakout, ideal for quick profit-taking.
2. Target 2: $681 – A key psychological level, marking the upper trendline resistance.
3. Target 3: $700 – A breakout above $681 could signal a new bullish rally.
Trade Setup:
Long Entry: Above $655, targeting $670, $681, and $700.
Short Entry: Below $627, with targets at $610 and $600.
Stop Loss: Place at $645 to manage risk on both sides.
BNB is at a critical juncture; watch these levels closely and trade wisely!