$BNB /USDT BULLISH REBOUND LIKELY AS PRICE HOLDS ABOVE KEY SUPPORT ZONE
Market Explanation:
BNB is showing strong recovery momentum after bouncing from the $983 support zone, currently trading around $1,000.24 (+1.66%). The MA(7) at 998.34 and MA(25) at 1,000.68 are converging, indicating potential short-term bullish crossover. Price stability above the MA(99) at 1,001.17 would confirm renewed bullish strength. Buyers are gradually stepping in, defending the $990–$995 zone, suggesting a possible continuation toward higher resistance levels.
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🔹Trade Setup:
Entry (Long): Above $1,005 (confirmation of breakout)
Targets (TP): $1,015 – $1,030 – $1,045
Stop Loss (SL): Below $990
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📊Market Outlook:
If bullish momentum sustains, BNB could retest the $1,020–$1,045 resistance area in the short term. However, failure to hold above $995 may invite renewed selling pressure. Overall bias remains bullish while above the $990 zone.
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