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BNB/USDT is currently trading at $662.42, reflecting a slight upward momentum with a 0.99% increase in the past 4 hours. The pair showed a minor retracement after hitting the 24-hour high of $662.46, consolidating around the 7-period MA ($655.40) before rebounding.

Key levels:

Resistance: $677.20 (recent swing high)

Support: $645.16 (24-hour low)

Indicators:

MA(7) (Yellow): Bullish crossover above MA(25), confirming upward momentum.

MA(25) (Pink): Acts as near-term support at $653.85.

MA(99) (Purple): Positioned lower at $635.05, indicating strong longer-term support.

Trading Signals

Short-Term Trade (4-hour chart):

Entry: $662 - $665 (current price level)

Stop Loss: $645

Take Profit:

TP1: $670

TP2: $677 (near resistance)

TP3: $685 (potential breakout target)

Caution: Watch for a breakout above $677 with increased volume to confirm further upside.

Long-Term Trade:

Entry: $650 - $655 (on retracement)

Stop Loss: $635

Take Profit:

TP1: $680

TP2: $690

TP3: $700 (major psychological level)

Caution: Break below $645 may invalidate bullish setups.

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Key Insights:

1. Bullish Bias: The bullish crossover of MA(7) over MA(25) signals upward momentum.

2. Resistance Alert: Watch $677.20 for rejection or breakout potential.

3. Bearish Risks: Break below $645.16 may trigger further downside to $635.

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