Analyzing the $BNB /USDT chart, the current price is $728.59, with a recent high of $793.86 and a low of $622.85 over the observed period. The market recently experienced a strong bullish rally but has now entered a consolidation phase near $728.

Long Position:

Entry Point: If the price breaks above $740 with strong volume confirmation.

Target: First target at $775, second target at $793.

Stop Loss: Place a stop loss at $715 to minimize downside risk.

Short Position:

Entry Point: If the price breaks below $720 with strong bearish confirmation.

Target: First target at $695, second target at $675.

Stop Loss: Place a stop loss at $735 to protect against trend reversal.

The RSI and volume indicators suggest momentum has slowed but could resume with the next breakout. Keep an eye on the MA (Moving Averages) for further trend confirmation. For now, wait for a decisive breakout before taking positions.

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