🚨$BNB /USDT Technical Analysis🚨

📊$BNB USDT is currently trading at $642.20, down 2.32% in the last 24 hours. The price has been consolidating in a range between $626.43 and $676.79. The 24-hour trading volume is $488.69M, indicating moderate trading activity.

Technical Indicators:

* The 5-minute chart shows a recent dip below the 100-day moving average, which could be a bearish signal.

* The 1-hour chart shows a descending triangle pattern, which suggests a potential downside move.

Trading Strategy:

📈Long Entry: Wait for a break above the $676.79 resistance level with a stop loss🛑 at $626.43. Target🎯: $700.00.

📉Short Entry: Wait for a break below the $626.43 support level with a stop loss🛑 at $676.79. Target🎯: $600.00.

🎲Risk Management:

* Use a stop-loss order to limit potential losses.

* Consider using a take-profit order to secure profits.

* Manage your position size to avoid excessive risk.

⚠️Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.

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