Technical Analysis ($BNB

/USDT💯🔥

Current Price: $707.88

Support Levels:

First Support: $699.39 (24h Low)

Second Support: $700.30

Resistance Levels:

First Resistance: $712.06

Second Resistance: $714.99 (24h High)

Technical Indicators:

EMA (Exponential Moving Average): Indicates neutral to slight bullish momentum as price trades above the 50 EMA.

MACD (Moving Average Convergence Divergence): Bullish cross seen on the 1H chart, signaling possible upward momentum.

RSI (Relative Strength Index): Currently at 55, indicating neutral conditions with room for both upward and downward movements.

Trade Signal & Target Levels

Trend: Slightly Bullish based on technical indicators and price staying above $700 support.

Target 1 (Near-term): $715 (24h High) - As momentum continues, price is likely to test this level.

Target 2 (Mid-term): $720 - A key resistance level with additional buying pressure.

Target 3 (Long-term): $730 - A breakout above previous highs could lead to reaching this resistance level.

Trade Momentum:

Short-term momentum: Neutral to slightly bullish with gradual upside potential.

Ideal entry: Around $705, with close monitoring of the $700 support.

Stop-Loss: Under $700 for protection against downward correction.

Target exit levels: As defined above, based on a gradual bullish movement.

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