šØ $BNB /USDT Trading Signal šØ
Pair: BNBUSDT (Perpetual)
Current Price: $672 (-4.48%)
Signal Type: Long (Potential Recovery)
šÆ Targets:
TP1: $690 (Immediate Resistance)
TP2: $705 (Next Key Resistance)
Stop Loss: $660 (Below Recent Support)
Market Analysis:
BNB/USDT is showing signs of a potential reversal after consolidating near $677. A breakout above $680 with strong volume could drive further upward momentum. This setup offers a favorable risk-to-reward ratio, supported by well-defined targets and stop-loss levels.
Trading Strategy:
1. Enter a long position near $677.
2. Secure partial profits at TP1 ($690) and move the stop loss to breakeven.
3. Hold the remaining position for TP2 ($705).
Risk Level: Moderate
Monitor price action closely around the $680 resistance to confirm the breakout.