🚨🚨$BNB /USDT Technical Analysis🚨🚨
📊$BNB USDT is currently trading at $648.50, up 1.95% in the last 24 hours. The price has been consolidating in a range between $632.73 and $664.68. The 24-hour trading volume is $477.99 million.
🔑Key Observations:
* The 15-minute chart shows a recent bearish candle, indicating potential downward pressure.
* The 1-hour chart shows a sideways trend with a slight bullish bias.
* The 4-hour chart shows a consolidation phase with a potential breakout to the upside.
Trading Strategy:
Short-Term:
📉 Short Entry: $655.00
🛑 Stop Loss: $660.00
🎯 Target: $640.00
Long-Term:
📈 Long Entry: $640.00
🛑 Stop Loss: $630.00
🎯 Target: $670.00
⚡Overall Outlook:
BNBUSDT is currently in a consolidation phase. A breakout above $664.68 could signal a bullish trend, while a break below $632.73 could lead to further downside.
⚠️Traders should monitor the price action closely and adjust their positions accordingly.
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