Technical Analysis Report: BNB/USDT (4-Hour Chart)

Overview of Price Action:

Current Price: $657.29 (+0.51% in the last 4 hours)

Price Momentum: BNB has shown upward momentum from a local low of $600.02, signaling a potential trend reversal.

Key Moving Averages:

MA(7): $654.07 (indicates short-term support)

MA(25): $639.74 (bullish crossover above MA(99))

MA(99): $631.24 (long-term support)

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Key Levels:

Resistance Levels (White):

$663.80 (immediate resistance)

$680.00 (major psychological resistance)

Support Levels (Green):

$644.60 (local support)

$631.00 (strong support from MA(99))

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Trading Signals:

Long Trade Setup:

Entry Price: $658.00 (after breakout above $663.80 with confirmation)

Take-Profit Targets:

TP1: $670.00

TP2: $680.00

TP3: $700.00

Stop Loss: $644.00

Short Trade Setup:

Entry Price: $644.00 (if price falls below local support)

Take-Profit Targets:

TP1: $630.00

TP2: $615.00

TP3: $600.00

Stop Loss: $665.00

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Cautionary Notes:

Monitor the $663.80 resistance level, as a confirmed breakout could trigger strong bullish momentum.

Pay close attention to volume spikes for validation of price movements.

Market sentiment and broader crypto trends may significantly impact BNB’s price action.

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