🚨 $BNB ALERT: Critical Decision Point at $624.86 – What’s Next for Traders? 🚨
BNB has shown a sharp recovery after testing a low of $600, now trading at $624.86. The current trend indicates that momentum is building up for its next BIG MOVE, but traders must watch these key levels closely:
💡 Key Levels to Watch:
Resistance: $631 – Breaking above this could spark a rally toward $645 or higher. Buyers could flood the market, creating upward pressure.
Support: $614 – Losing this level may result in a retracement back toward $600 or even lower. A failure here signals further downside risk.
⚠️ Trade Suggestions:
Bullish Scenario: Enter long if $BNB breaks above $631, targeting $645 and $650, with a stop-loss at $614.
Bearish Scenario: Consider a short if BNB drops below $614, aiming for $600, with a stop-loss at $625.
🎯 Risk Management: Keep a tight stop-loss in place, as volatility remains high. Ensure you trade with discipline, considering these critical zones.
#BNB #Crypto trading #Binance
