š„ $BNB Breakout Alert!
$BNB is currently trading at $707.48, showing a strong bullish momentum with a 5.53% gain in the last 24 hours.
The RSI (6) is at 81.53, indicating overbought conditions, but the price is holding above the MA(7) of 706.07 and the MA(25) of 698.29, signaling strong upside potential.
Key Levels to Watch:
Entry Point: Around $707.50 on a confirmed breakout above $707.86 (recent high).
Target: First target at $730, extended target at $750 if momentum persists.
Stop Loss: Place your stop loss at $690 to manage risk effectively.
Analysis:
The 15-min chart shows consistent higher highs and higher lows.
A breakout above $707.86 could push $BNB into a fresh rally, supported by volume and momentum.
Traders should remain cautious, as RSI in overbought territory could lead to short-term pullbacks.
Action Plan:
Enter on strength above $708.
Book partial profits near $730.
Keep stop loss tight at $690 to safeguard capital.
Stay focused and execute your trades with discipline!
