BNB/USDT Trade Analysis and Strategy
Asset: BNB/USDT
Chart: 4-hour time frame
Current Price: $705.18
24h Change: -0.41%
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Key Levels
Support: $680
Resistance: $720
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Trade Plan
1. Entry Points:
Bullish: Break above $710 with strong volume.
Bearish: Drop below $700 with confirmation.
2. Stop Loss:
Long: $698
Short: $710
3. Profit Targets:
Long Target: $720 (Conservative), $740 (Aggressive)
Short Target: $680
4. Risk Management:
Maintain a 1:2 risk-to-reward ratio.
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Strategy Recommendation
Range Trading: Use $700-$720 for short-term scalps.
Breakout Trading: Enter on confirmed breakout above $720 or below $700.
Long-Term: Consider dips near $680 as buying opportunities.
Disclaimer: This is not financial advice. Always do your research before trading.
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