$BNB /USDT Technical Analysis & Market Update
Current Price: $539.2 (+1.16%)
BNB has been showing strength, moving upwards and testing the resistance level.
Resistance: The key resistance is at $541.9. A break above this level could lead to further gains toward $550.
Support: Immediate support is at $536.2. A drop below this level may lead to a retest of $522.4.
Trading Strategy:
- Long Trade: Enter above $541.9, targeting $550 with a stop-loss at $536.2.
- Short Trade: Enter below $536.2, targeting $522.4 with a stop-loss at $541.9.
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