$BNB
/USDT Technical Analysis & Trade Signal
Current Price: $699.27
Momentum: Bearish (as indicated by a 4.24% decline in price).
Key Indicators
1. Support Level: $681.56 (24h low).
2. Resistance Level: $731.53 (24h high).
3. RSI (Relative Strength Index): Likely near oversold region after the drop, signaling potential rebound.
Trade Signal:
Recommendation: Buy on Support if price holds above $685; Sell on Breakout below $681.
Target 🎯 Levels:
1. Target 1 (Short-term): $715
2. Target 2 (Mid-term): $725
3. Target 3 (High-risk): $740
Stop-Loss: $678 (to limit downside risk).
Monitor for trading volume and reversal signals like bullish candlesticks or RSI divergence before entering. Momentum may switch bullish if price reclaims $710 with strong volume.