$BNB /USDT Technical Analysis
Current Price: $684.99 (+1.46%)
Price Action: $BNB /USDT has shown strong momentum on the 30-minute chart, climbing steadily from a low of $618.69 in the last 24 hours to a high of $687.08. This represents a clear recovery and a bullish breakout pattern.
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Targets:
1. First Target: $690.00
Resistance level in line with recent highs. A breakout here could attract further buying pressure.
2. Second Target: $710.00
Medium-term resistance level, representing a psychological barrier and historical price action.
3. Third Target: $750.00
Longer-term target based on channel projections and Fibonacci extensions.
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Trade Management:
Secure Profits: Consider taking partial profits at $690 and $710 to manage risk.
Stop Loss: Trailing stop loss suggested at $670 to lock in profits while allowing room for price fluctuations.
Market Outlook:
With current volume and trendline dynamics, the bullish scenario remains intact. However, watch for potential corrections near resistance levels. Long-term holders may look to $750 as a strategic target.
