📊 BNB/ETH Analysis: Key Levels and Entry Strategy

1. Support and Resistance Levels:

Support (S): The recent swing low around 0.1902 ETH acts as a crucial support level.

Resistance (R): The 200-day simple moving average (SMA) near 0.1915 ETH serves as a resistance level.

2. Current Situation:

- BNB has retraced from its recent high, finding support at the 61.8% Fibonacci level.

- The 24-hour change is approximately -5.84%.

3. Entry Strategy:

- Long Position: Consider entering long if BNB breaks above the 200-day SMA (R) with confirmation.

- Short Position: A break below the recent swing low (S) could signal a short opportunity.

4. Previous Values:

- 24-hour high: 0.2018 ETH

- 24-hour low: 0.1902 ETH

:Remember to perform additional research and risk management before executing any trades. Happy trading! 🚀📈

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