Current Price: $707.66
Timeframe: 4H (Binance Chart)
Long Trade Setup
Entry Zone: $700.00 - $710.00
Target 1: $725.00
Target 2: $740.00
Target 3: $760.00
Stop Loss: $685.00
Observation: BNB is showing strength near the $700 support zone with consistent higher lows. A breakout above $710 could trigger bullish momentum toward the first target.
Short Trade Setup
Entry Zone: $715.00 - $725.00
Target 1: $690.00
Target 2: $670.00
Target 3: $650.00
Stop Loss: $730.00
Observation: If the price fails to hold above $710 and rejects at $725, a bearish pullback could take the price toward $690 or lower.
Technical Prediction
The chart indicates significant buying interest around the $700 level, suggesting bullish bias in the short term. However, rejection at $725 or $730 could lead to a bearish correction. A sustained breakout above $740 will open the doors to the $760-$780 range in the medium term.
Risk Management:
For long positions, secure partial profits at $725 and move stop-loss to breakeven.
For short positions, monitor $690 as a key level to lock in gains.
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