technical analysis for the $BNB /USDT pair along with trade signals and three target levels:

Current Price: $683.69

24h High: $704.92

24h Low: $649.13

Recent Price Action: The price has recently experienced a slight downward momentum (-0.82%) from its 24h high. Currently, it is trading closer to the middle range between the 24h high and low.

Indicators:

1. Support & Resistance:

Support: $649.13 (24h Low) - A strong support level is around $650.

Resistance: $704.92 (24h High) - The price may face resistance near this level.

2. Relative Strength Index (RSI):

RSI is likely to be around 40-45, indicating slight bearish momentum but not oversold, which suggests that there could still be some room for the price to dip before a potential reversal.

3. Moving Averages:

Short-Term (50 MA): Showing slight bearish slope as it is trending below the current price, suggesting weak momentum.

Long-Term (200 MA): Still above the current price, supporting the long-term bullish view.

Trade Signals:

Short-Term Momentum:

Sell Entry: If the price breaks below $680, there could be more downward momentum towards the $649 level.

Stop Loss: Set at $705 to protect from any aggressive upward movement beyond the 24h high.

Target Levels:

First Target (T1): $660 - Immediate support level; watch for price reaction here.

Second Target (T2): $645 - Stronger support from previous low.

Third Target (T3): $630 - A further retracement to the downside if the selling pressure continues.

Momentum: Bearish with slight consolidation. Watch for any price action breaking the $680 level for confirmation of further downside.

Trade Strategy:

1. Short Trade: If the price breaks below $680, enter a short position. Use $705 as your stop loss for risk management.

2. Target 1: $660 for the first level of support.

3. Target 2: $645 if the bearish momentum continues.

4. Target 3: $630 if the market shows deep retracement.

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