🚨$BNB /USDT Technical Analysis:🚨
📊Overview:
$BNB /USDT is currently trading at $615.01, down 0.62% in the last 24 hours. The cryptocurrency has been consolidating over the past week, and the recent price action suggests potential for further downside.
🔑Key Levels:
* Resistance: $634.39 (24h high)
* Support: $611.53 (24h low)
Trade Ideas:
📉Short-Term:
* Sell: Enter a short position at $615.01.
* Stop-Loss: Place the stop-loss at $634.39.🛑
* Target: Aim for a profit target of $611.53.🎯
📈Long-Term:
* Buy: Consider a long position if the price breaks above the $634.39 resistance level.🏷️
* Stop-Loss: Set the stop-loss below the recent swing low.🛑
* Target: Target the next resistance level or a higher time frame support level.🎯
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