🚀 BNB/USDT Daily Analysis: Get Ready for an Exciting Move! 💹
📊 What's on the Chart?
BNB/USDT price is currently bouncing off the low of 691.20, forming a pattern that looks like a double bottom. If the resistance is broken, it could be a sign of a bullish reversal! But remember, there is no full confirmation yet, so stay careful.
📉 Support and Resistance to Note:
Closest support: 691.20 (daily low) & 675 (psychological area).
Main resistance: 711.96 (EMA100) & 735.44 (24-hour high).
📈 What's the Next Candlestick Prediction?
If the price breaks through 711, we can see a bullish candlestick pattern like a hammer or even a bullish engulfing.
But if it fails to stay above 700, get ready to see greater selling pressure!
⚡ Scalpers, Here Are Your Targets:
1️⃣ Long: Entry at 700-704, target take profit at 711-715.
2️⃣ Short: Entry at 715-719, target take profit at 700-704.
🎯 Don't forget to set a stop loss around 5-10 points from the entry level.
💡 Note for You:
The trend is still bearish, but bullish momentum is lurking. Use a strategy that suits your trading style. Additional confirmation such as RSI or MACD can help make decisions more firmly.
📢 Let's share this insight with your fellow traders and discuss your targets!
Who knows BNB will make a big surprise! 🔥