$BNB /USDT Technical Analysis - Binance

📊 Current Price: $703.42 (+0.06%)

⏰ Timeframe: 30m

Analysis & Targets

$BNB is consolidating within a range after recent volatility. Here's a breakdown of key levels and targets:

1️⃣ Target 1: $710.00

Immediate resistance; breaking above could trigger short-term bullish momentum.

2️⃣ Target 2: $720.00

A key resistance zone with potential selling pressure. Bullish confirmation is required for sustained movement.

3️⃣ Target 3: $730.00

Major resistance; breaking above this level could signal the start of a broader uptrend.

Strategy

📈 Bullish Case: Watch for a breakout above $705.00. Gradually take profits at each target to secure gains.

📉 Bearish Case: If BNB drops below $700.00, look for support near $695.00 for potential re-entry.

⚠️ Risk Management:

Set stop-loss below $695.00 to minimize downside risk.

Adjust position sizes according to volatility.

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