๐ BNB/USDT Technical Analysis Update ๐
๐น Short-Term Outlook (30m-4h):
Support: $710.50 - $701.50Resistance: $720 - $730Bullish momentum holding above Ichimoku Cloud with confirmation from MACD and SuperTrend. Look for a pullback to support for potential buy opportunities.
๐น Mid-Term (1D):
Support: $700 - $710Resistance: $773 - $800Breakout in progress, strong RSI confirms trend strength. Any dips remain buying opportunities for mid-term targets.
๐น Long-Term (1W):
Support: $693Resistance: $800 - $850Continued bullish breakout with Ichimoku and MACD alignment. Holding above key support levels suggests upward continuation.
๐ฐ News Catalyst:
BNB broke fresh records and overtook Solana in market cap. Positive ecosystem news and technical breakouts support further upside momentum.
โ Trading Strategy:
Buy dips near $700-$710 ๐Targets: $730 (short), $773 (mid), $800-$850 (long) ๐SL: Maintain Stop Loss at $693 for risk management.
๐ Monitoring RSI for overbought signals and MACD for trend confirmation.
