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$BNB /USDT Technical Analysis & Trade Signals


Current Price: $707.75 - $709.92

The price is consolidating within a narrow range after a recent dip. Momentum indicators show bearish pressure, but support levels are holding strong.

Technical Indicators:

1. Moving Averages (MA):

20 EMA: Resistance near $712.00

50 EMA: Key resistance at $718.50

2. RSI: Currently at 38, indicating a bearish trend but approaching oversold territory.

3. MACD: Bearish crossover with negative histogram values.

Support & Resistance Levels:

Immediate Support: $705

Major Support: $695

Immediate Resistance: $715

Major Resistance: $725

Trade Signal:

Momentum: Moderate bearish with potential for reversal near support zones.

Long Trade Setup (Bounce from Support):

Entry: $705 - $708

Stop Loss: $695

Targets 🎯:

1. Target 1: $715

2. Target 2: $725

3. Target 3: $735

Short Trade Setup (Rejection at Resistance):

Entry: $715 - $718

Stop Loss: $725

Targets 🎯:

1. Target 1: $705

2. Target 2: $695

3. Target 3: $685

Analysis Summary:

Watch for a break below $705 for further downside momentum.

If price holds above $705, expect a relief rally toward $715 or higher.

RSI nearing oversold indicates a potential short-term reversal.
#BURNGMT #BinanceHODLerMOVE #AmazonBitcoinMove