December 4, 2024 BNB (Binance Coin) Trading Strategy

1. Market Analysis

As of now, the price of BNB (Binance Coin) is $773, with a daily high of $774.6 and a low of $622.8. The price is fluctuating upward, indicating a bullish market sentiment.

2. Technical Analysis

• Support Levels:

• First Support Level: $750

• Second Support Level: $730

• Third Support Level: $700

• Resistance Levels:

• First Resistance Level: $775

• Second Resistance Level: $790

• Third Resistance Level: $810

The technical aspects show that there is strong support near $750 for BNB, and if it breaks through the resistance level of $775, it may open up further upside potential.

3. Short-term Contract Strategy

• Long Strategy:

• Entry Point: $760

• Stop Loss: $740

• Take Profit: $780

• Short Strategy:

• Entry Point: $775

• Stop Loss: $790

• Take Profit: $750

It is recommended to flexibly adjust strategies according to market trends, strictly set stop losses and take profits, and avoid chasing highs or bottom fishing.

If BNB breaks through $775, it may test $790 or higher in the short term; if it falls below $750, it may retrace to $730 or $700.

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