“BNB is steadily rising, is the 800 mark within reach?”
Market Analysis:
BNB is currently showing a steady upward trend, maintaining a good upward channel in the short term, with continuous capital inflow and an optimistic market sentiment. However, pressure is gradually emerging above, which may test the 800-point integer level.
Support and Resistance Levels:
• Support Levels: 714.61, 691.22, 622.85
• Resistance Levels: 737.37, 793.86, 806.38
Short-term Trading Strategy:
Long Strategy:
• Entry Point: 714.61
• Add Position Point: 691.22
• Stop Loss Point: 680.00
• Take Profit Targets: 737.37, 793.86, 806.38
• Position Allocation: 50%-30%-20%
Short Strategy:
• Entry Point: 737.37
• Add Position Point: 793.86
• Stop Loss Point: 810.00
• Take Profit Targets: 714.61, 691.22, 622.85
• Position Allocation: 50%-30%-20%
My Prediction:
The current trend of BNB remains strong. I am personally more optimistic about going long. Once it effectively breaks the resistance level of 737.37, there is a potential for further upward movement, targeting the 800 mark.
【I will share analyses of mainstream coins and altcoins daily for my brothers. You can click on the coin pair tags in the article to trade. Wishing my brothers and sisters abundant profits!】
