$BNB
/USDT Trading Signal - Bullish Consolidation
Market Overview: BNB/USDT is trading at $711.51 after a recent rejection at $731.24. The price has pulled back to a support zone near $707, showing signs of consolidation. The overall structure indicates potential bullish momentum if the price holds above this level and forms a higher low.
Trading Setup:
Entry Zone (Long): $710.00 - $714.00
Targets:
Target 1 (TP1): $725.00
Target 2 (TP2): $740.00
Stop Loss: Below $705.00
Analysis Highlights:
Support Zone: The $707.00 level acts as a critical support.
Resistance: Immediate resistance at $731.00, with a breakout likely leading to $740.00.
Trend: The uptrend remains intact unless $705.00 is breached.
Risk Management: Take partial profits at TP1 and move stop loss to breakeven for risk-free trades. Look for bullish confirmation candles before entering.