$BNB /USDT Technical Analysis & Market Update
Current Price: $533.4 (+3.94%)
BNB is consolidating after a strong upward move, currently trading near key moving averages.
Resistance: The immediate resistance level is at $534.8. A break above this level could lead to a retest of $538.3.
Support: The nearest support level is around $531.0. Holding this support is crucial to maintain the current uptrend momentum.
Trading Strategy:
- Long Trade: Enter above $534.8, targeting $538.3 with a stop-loss at $531.0.
- Short Trade: Enter below $531.0, targeting $525.0 with a stop-loss at $534.8.
