🚨$BNB /USDT Technical Analysis🚨

📊$BNB USDT is currently trading at $656.31, down 1.73% on the day. The pair has been consolidating in a tight range for the past few days, with the 24-hour high and low at $671.05 and $645.16, respectively.

💹The 5-minute chart shows a bullish engulfing candle, which is a potential bullish reversal pattern. The 1-hour chart shows a descending triangle pattern, which is a bearish continuation pattern. However, the 4-hour chart shows a bullish flag pattern, which is a bullish continuation pattern.

📈Long Entry: $660.00

📉Short Entry: $650.00

🛑Stop Loss: $640.00

⚠️The overall technical outlook for BNBUSDT is neutral to slightly bullish. The pair is likely to continue consolidating in the near term, with a potential breakout to the upside if the bulls can regain control. However, a break below the support level at $640.00 could lead to further downside.

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