BNB is currently forming an inverted head and shoulders pattern and could rise 19% to $725 after breaking through the key resistance level of $560.

Key Points:

Price Level: The current price is around $545 and a break above $560 will confirm the bullish scenario. Target Price: If the breakout is successful, the target is $725, based on the distance from the head to the neckline. Support Level: $530 is a key support and a break below it will weaken the bullish outlook.

Market Sentiment:

RSI: At 54, it shows neutral momentum and there is a possibility of upward or downward fluctuations.

Funding Rate: At -0.0083%, the market is slightly bearish, but the sentiment can change quickly if the bulls prevail.

Trading Strategy:

It is recommended to enter above $545 with a target of $600 and a stop loss at $525. The trade will be activated only if the daily closing price is above $545. What do you think of this strategy?

Gongzhong Hao: Pumpkin Strategy (early review strategy analysis of Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendation of high-quality coins and live analysis, sharing from time to time) #token2049 #币安上线NEIRO #新币挖矿HMSTR