Trade Setup for Binance Coin ($BNB )

Entry: 630

Stop Loss (SL): 550

Take Profit (TP): 700

Risk-to-Reward Ratio: 1:0.87

Trade Plan:

Entry at 630: The price has broken resistance at 600, signaling bullish momentum. Entering at 630 ensures confirmation of the uptrend.

Stop Loss at 550: This protects against downside risk. A break below 550 would indicate invalidation of the bullish setup.

Take Profit at 700: Aligns with resistance within the rectangle pattern. If the price reaches this level, profit will be secured.

Trailing Stop: Once the price reaches 680, move the stop loss to breakeven (630) to secure profits while allowing further upside.

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