$BNB
๐ BNB/USDT Technical Analysis โ Binance Coin on the Rise! ๐
The BNB/USDT pair is currently trading at $701.9, showing bullish momentum as it approaches key resistance levels. Here's the analysis:
๐น Support Levels:
Immediate support is at $690.0, a level where buyers have consistently stepped in.
A stronger support zone is at $675.0, which is critical for bulls to maintain control.
๐น Resistance Levels:
The first resistance to watch is $710.0, which could trigger a bullish rally if broken.
Beyond that, the next target is $730.0, with potential to reach $750.0 in the short term.
๐ Trading Strategy:
For Bulls: Enter near $690.0, targeting $710.0โ$730.0, with a stop-loss at $680.0.
For Bears: Consider shorts if $690.0 breaks, aiming for $675.0, with a stop-loss at $700.0.
BNB is at a critical pointโif it breaks above $710.0, a strong bullish move could follow. Keep an eye on volume and market sentiment for confirmation. Stay alert for potential big moves! ๐น