BNB is oscillating upward, and short-term opportunities will explode tonight! Expect sharp operational strategies to soar!

Current BNB price: $625

In the recent market fluctuations, BNB (Binance Coin) continues to maintain strength, with the current price stabilizing at $625. Despite the overall uncertainty in the cryptocurrency market, BNB's performance has greatly boosted investors' confidence. As one of the largest exchange tokens in the world, BNB benefits not only from the strong ecosystem support of the Binance platform but also continues to attract capital inflows, demonstrating significant upward potential.

Technical Analysis: Key Nodes of BNB's Trend

BNB is currently in a clearly defined oscillation range, with the $625 price level serving as a key technical support and resistance level. Over the past few days, BNB has tested this area multiple times but has failed to break through the strong resistance level. The market still carries a risk of correction, but the possibility of a breakout also exists.

Support Levels:

$600 (short-term support area) $590 (strong support level)

Resistance Levels:

$630 (key technical resistance level) $650 (upward target level)

Short-term Contract Strategy:

Long Strategy:

Entry Point: If BNB breaks through $630, upon confirming the breakout, one can go long, with a target price set at $650. Stop Loss: Set the stop loss at $615; if the price falls below the support level, exit immediately to minimize losses. Leverage: It is recommended to use 4x leverage, amplifying gains under relatively high volatility, but be cautious of risk control.

Short Strategy:

Entry Point: If BNB fails to break through $630 and the price shows a correction, one can short near $625, with a target price set at $600 or $590. Take Profit Point: Close the position in time during the correction to avoid further price declines. Leverage: Use 3x leverage to capture downward space while controlling risk.

If BNB breaks through $630, the target is directly aimed at $650!

From the current market trend, BNB has significant potential to break through the technical resistance of $630 and continue to rise towards $650. As market sentiment gradually recovers, combined with the stability support of the Binance ecosystem, BNB is expected to usher in a strong rebound. In the short term, if it breaks through $630, BNB is very likely to challenge higher price levels. $BNB