BNB/USDT - Potential Breakout on the Horizon? đ
Chart Analysis: $BNB is consolidating within a potential bullish pennant (white lines), suggesting an upcoming breakout. đ„ Declining volume (red bars) supports this theory. RSI hovering around 50 indicates indecision, but a decisive move could trigger a strong trend. đ
Trade Levels:
* Long Entry: Break above upper trendline (around 670), Target: 715 (resistance), Stop Loss: 650
* Short Entry: Break below lower trendline (around 658), Target: 630 (support), Stop Loss: 675
Leverage:Consider 5-10x leverage due to current market volatility. â ïž
Bias: The pattern leans bullish, but a breakdown could lead to further downside. đ» Awaiting a clear breakout for confirmation is crucial. â
