$BNB $BNB #BIOOnBinance #USJoblessClaimsDrop #XRPBackInTop3 #XRPBackInTop3 #BitcoinInSwissReserves ME/USDT Technical Analysis
Market Overview:
Current Price: $3.332
Recent Trend: Strong bullish momentum with successive green candles.
Volume: Healthy trading volume supports the price action.
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Trade Opportunities
Long Position (Bullish Setup):
Entry Zone: $3.30 - $3.35
Targets:
Target 1: $3.40
Target 2: $3.50
Stop Loss: $3.25 (below key support zone)
Risk/Reward: Favorable, targeting new highs above recent levels.
Short Position (Bearish Setup):
Entry Zone: $3.35 - $3.40
Targets:
Target 1: $3.25
Target 2: $3.15
Stop Loss: $3.45 (above resistance level)
Risk/Reward: Good for a potential retracement play.
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Observations:
The bullish candles indicate sustained upward momentum, but a pullback could occur near $3.40 resistance.
Key Levels:
Support: $3.25
Resistance: $3.40
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