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

Key Points:

Price Level: The current price is about $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: $550 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 if the bulls have the upper hand, the sentiment can change quickly.

Trading Strategy:

It is recommended to enter above $550 with a target of $600. The trade will only be activated if the daily closing price is above $550. What do you think of this strategy?