Technical Analysis for BNB/USDT💯🔥🔥🚀

Current Price: $695.35

Trend: Bearish in the short term (1.47% drop)

Support Levels:

$687.75 (Previous low)

$680.00 (Key support zone if price dips further)

Resistance Levels:

$706.30 (Previous high)

$715.00 (Potential resistance if momentum turns bullish)

Moving Averages:

20 SMA: Sloping downwards, indicating bearish momentum.

50 SMA: Crossing below the 20 SMA, strengthening the bearish signal.

Trade Signals

Sell Signal: If the price breaks below $690, especially towards $687.75 support.

Buy Signal: If the price bounces at $690 or breaks above $700.

Target Levels 🎯

1. $715.00 (Target if momentum shifts to the upside and breaks above $706).

2. $680.00 (Target on a bearish breakdown below $690).

3. $720.00 (Potential long-term target if bulls sustain above resistance).

Momentum Analysis:

Bearish: The current downward movement suggests short-term weakness, but keep an eye on potential reversals around $690-$687.75.

Bullish Reversal: Could be seen if price breaks above the $700 mark, strengthening buying pressure.

Always monitor key support and resistance levels to adjust entry and exit points accordingly!

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