$BNB /USDT Price Analysis 🚀💼
Current Price: $680.34 (+0.91%)
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🔵 Long Trade Setup
Entry Zone: $670 - $680
Targets:
🎯 Target 1: $690
🎯 Target 2: $710
🎯 Target 3: $740 (if bullish momentum persists)
Stop Loss: $660
Reasoning: The price has tested recent resistance and is showing signs of continuation. A confirmed breakout above $685 could signal a strong upward trend.
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🔴 Short Trade Setup
Entry Zone: $685 - $690 (if price fails to break higher)
Targets:
🎯 Target 1: $660
🎯 Target 2: $640
Stop Loss: $700
Reasoning: A rejection near resistance levels may lead to a retracement, targeting key support zones.
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Key Levels
Resistance: $685, $700
Support: $670, $650
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Strategy Notes:
1. Volume Check: Observe volume spikes for validation of breakouts or rejections.
2. Secure Profits: Take partial profits as price approaches each target level.
3. Risk Management: Use tight stop losses to minimize potential losses.
