🚀 Binance Coin (BNB) Analysis: Key Levels and Entry Strategy
1.Support Levels:
$BNB has strong support around $203, where buying interest prevails.
Previous price lows and rising trendlines act as crucial support zones.
High trading volume near these levels confirms their significance.
2.Resistance Zones:
Resistance near $220 prevents further price gains.
Historical price highs and descending trendlines serve as barriers.
Psychological levels (e.g., whole numbers) also act as resistance.
3.Entry Strategy:
Consider buying on bounces from established support ($203).
Set stop losses below support levels. Monitor volume and other indicators for confirmation.
📈 Current Price: $236.8
📉 Previous Price: $230.8
:Remember to conduct further research and adapt your strategy as needed. Happy trading! 💡👍
