🚨TECHNICAL ANALYSIS OF $BNB 🚨
⭕Current Price Movement
$BNB is exhibiting a robust uptrend, trading at 629.91 a notable 5.66% increase in the last 24 hours. This recent surge highlights strong buying interest and bullish momentum.
⭕Key Resistance Breakout
The recent breakout above the 620 level, followed by a push towards 638, signifies that $BNB has cleared critical resistance zones. This upward movement suggests potential for further gains if the momentum sustains.
⭕Trading Strategy:
⚠️Entry and Risk Management
Traders may consider looking for sustained movement above 637.50 as a potential entry point. Any retracement could find support near 620, where buyers may step in. Given the high volatility, it’s advisable to place stop-loss orders or consider profit-taking strategies to manage risk effectively.
