๐ $BNB /USDT: TESTING NEW HIGHS - WATCH FOR A BREAKOUT! โก
The $BNB /USDT pair is trading at 712.49, approaching key resistance levels. Binance Coin has been showing strong bullish momentum, and traders should stay alert for potential breakouts or pullbacks at these crucial levels.
๐ Trade Scenarios:
Entry Point: 712.49
Take Profit (TP) 1: 725.00
Take Profit (TP) 2: 740.00
Take Profit (TP 3): 760.00
Stop Loss (SL): 705.00
Support is at 705.00, with immediate resistance around 725.00. A breakout above 725.00 could signal a bullish continuation toward higher levels, while a pullback below 705.00 might suggest a bearish reversal.
๐ Market Outlook:
BNB is nearing a critical resistance level, and a breakout above 725.00 could push the price towards 740.00 and beyond. If the price pulls back below 705.00, we might see a retracement to test support. Keep an eye on volume and momentum to confirm the direction.
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