$BNB is showing strong bullish momentum, approaching the critical resistance level of $670. If this resistance is broken and the price sustains above it, we anticipate a sharp rally towards higher targets. This setup offers a clear and strategic opportunity to capitalize on the potential breakout.
Trade Setup:
Long Entry: Above $670 (confirm breakout)
Stop Loss (SL): $655 (to manage risk)
Take Profit 1 (TP1): $685
Take Profit 2 (TP2): $700
The recent price action suggests increasing buying pressure, supported by strong volume. A breakout above $670 could open doors to a rally, targeting $685 as the first level of resistance, with $700 as the next major milestone.
To optimize your trade, consider securing partial profits at $685 and moving your stop loss to breakeven to protect your position. This allows for a risk-free opportunity to ride the price towards $700.
Stay vigilant and execute your trade plan with discipline. Ensure you adhere to your risk management strategy to protect your capital.