🚨$BNB BNB/USDT UNDER PRESSURE: Trading at $648.75 – Next Move Critical! 🚨

Binance Coin (BNB) is down 2.09%, trading at $648.75, after hitting a 24-hour high of $667.20 and a low of $630.01. The chart shows consolidation near a critical level, suggesting a potential breakout or breakdown.

Key Levels to Watch:

Resistance: $667.20 – A breakout above this level could target $685.00, $700.00, and $720.00.

Support: $630.00 – A failure to hold this level might lead to a decline toward $610.00 or even $590.00.

Trade Setup:

Long Entry: Enter above $650.00, aiming for resistance levels at $667.20 and beyond.

Short Entry: If BNB drops below $630.00, expect bearish momentum toward $610.00.

Stop Loss: Set stops below $620.00 for longs and above $660.00 for shorts.

⚠️ Note:

BNB’s price action indicates a potential turning point. Traders should remain cautious and wait for confirmation before entering positions.

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