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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