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$BNB /USDT: Breakout or Breakdown? Plan Your Next Move!
🔍 Analysis:
$BNB /USDT is hovering near $724 after a sharp correction from its recent high. A decisive move is anticipated—either a bounce or further drop, presenting lucrative trade setups.
🔑 Entry:
Long Entry: $725 (on confirmation of a bounce).
Short Entry: $722 (if bearish continuation signals emerge).
🎯 Targets (TP):
Long: TP1: $735 | TP2: $745
Short: TP1: $715 | TP2: $710
🚨 Stop Loss (SL):
Long: $720
Short: $726
📊 Strategy: Watch for price action around $724-$725. A volume surge will likely signal the next move. Maintain strict risk management with the defined stop loss levels.
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