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$BNB /USDT Trading Signal: BUY THE DIP ā Momentum Building for $1,000+ Breakout! š
Current Price: $967.39 (+2.97% 24h)
24h High/Low: $973.01 / $933.51
Market Cap: $134.64B | 24h Volume: $3.31B
Hey Binance Square fam! š
$BNB is consolidating after hitting ATH $1,080 on Sep 21, but the charts are screaming BULLISH recovery. Recent dip to $933? That's your entry, not exit! With NFT sales on BNB Chain exploding 196% to $25.39M last week, ecosystem strength is real.
Technical Breakdown:
RSI (14): 66.85 ā Neutral, room to run without overbought.
MACD: Bullish crossover, histogram at +5.21 ā Momentum flipping green!
Moving Averages: Price above 50-day ($915) & 200-day ($782) EMAs ā Strong uptrend intact.
Support/Resistance: Key support $933 (24h low), resistance $1,000 (psychological + 20-SMA). Break $1,000 = rocket to $1,080 ATH retest.
Elliott Wave Vibes: We're in wave ((iii)) of a 5-wave impulse from Aug low $839. Next leg up targets $1,020ā$1,080 short-term, $1,200+ by EOY 2025.
Trade Setup (Spot/Futures ā NFA, DYOR!):
Direction: LONG š¢
Entry: $960ā$970 (current zone)
Take Profit: TP1 $1,000 (scale 30%), TP2 $1,050 (40%), TP3 $1,080 (30%)
Stop Loss: $930 (tight below support, ~3% risk)
Risk/Reward: 1:4+ | Leverage: 3ā5x max for futures.
Why Now? Institutional buys (e.g., CEA Industries stacking 388K+ BNB), regulatory tailwinds, and broader crypto rebound (BTC eyeing $110K) = perfect storm. If we hold $933, $1,000 is locked in. Don't FOMO ā position smart!
Whatās your BNB target? Drop thoughts below š
#bnb #TradingSignal #Binance #cryptobull $BNB