BNB’s Bullish Trajectory: A Technical Perspective

Binance Coin ($BNB ) is currently valued at $676, with the market exuding a predominantly bullish outlook.

The price is undergoing a retracement, touching upon a significant support level that is anticipated to hold firm and catalyze a rebound.

It is recommended to consider opening a trade at the current price level, with a strategy to dollar-cost average (DCA) at a lower price if necessary.

Entry Point: $676

Stop Loss: $588

Profit Targets:

First Target: $715

Second Target: $761

Third Target: $820.3

Fourth Target: $909

Fifth Target: $999

Maximum Leverage: 5x Position Size: 1% of total capital

Remember, maintaining a stop loss is essential to manage risk effectively.

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