🔍 $BNB Technical Analysis 🔍
Current price: $699.44 (-0.65%). Let’s dive into the key levels and craft a precise trade setup!
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Key Levels
1. Support:
$690 – Immediate zone where buyers step in.
$656 – Strong demand area.
2. Resistance:
$703 – Dynamic resistance (MA7).
$737 – Major hurdle for further upside.
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Indicators
MA7, MA25, MA99: Price holding between these levels signals consolidation.
Volume Spike: Strong activity around $690-$700 indicates buyer interest.
Recent Candlesticks: Bearish rejection near $703 but potential for reversal.
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Trade Setup
1. Entry Zone: $690-$695 on bullish confirmation (e.g., hammer or engulfing candle).
2. Targets:
T1: $710
T2: $737
3. Stop-Loss: $685
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Outlook
Bullish Signs: Higher lows and recovery from $618 suggest trend continuation.
Bearish Risk: A break below $685 could push BNB toward $656 or $612.
🎯 Summary: Enter near $690-$695, aim for $710/$737, and keep stops tight at $685. Stay patient and trade smart! 🚀
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