Based on the 15-minute chart, the current price of $BNB /USDT is $655.51, presenting an opportunity for both long and short trades depending on the price action. For a long trade, consider entering around $655.50 if the price confirms a breakout above $656. Target levels for profit-taking are set at $658.00, $660.00, and $662.00, with a stop loss at $652.50 to manage risk. On the other hand, a short trade can be initiated if the price breaks below $653.00, with targets at $650.50, $648.50, and $646.50, and a stop loss at $656.00.
The market currently shows consolidation near resistance, so traders should monitor for clear breakout or breakdown signals before entering a position. Tight target points have been chosen to minimize risk while ensuring manageable profits. Always apply proper risk management and approach trades cautiously.
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