$BNB /USDT Trading Signal - Seeking a Reversal

Current Price: $698.01

24H Range: $691.20 - $733.33

Analysis:

BNB has dropped significantly, finding support near the 24H low of $691.20. It is trading just below EMA(7) at $699.28, which is acting as immediate resistance. The bearish crossover with EMA(25) and EMA(99) indicates ongoing downward pressure, but a recovery attempt could emerge if $691 holds as strong support.

Potential Setup:

Entry Zone: $695.00 - $700.00

Targets:

Target 1: $710.00

Target 2: $720.00

Target 3: $730.00

Stop Loss: $685.00

Observation:

A sustained breakout above EMA(7) at $699 could signal a reversal toward EMA(25) at $708.17. Failure to hold the $691 support zone could lead to further downside toward $680 or lower.

Actionable Advice:

Confirm bullish momentum above $700 before entering a trade.

Secure profits at each target and trail stop-loss levels to mitigate risks.

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