As of today, Binance Coin $BNB is trading at approximately $608.25. Recent technical analysis indicates a bullish trend, with $BNB reclaiming the $600 level and targeting the next resistance at $620 .  

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📊 BNB Trade Setup

Current Price: ~$608.25

Trend: Bullish momentum after reclaiming $600

Short-Term Target: $620

Support Level: $600

Stop Loss: $595 

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✅ Trade Strategy

• Entry Point: Consider entering a long position if BNB sustains above $610, confirming the bullish momentum.

• Take Profit: Set a take profit at $620, aligning with the next resistance level.

• Stop Loss: Place a stop loss at $595 to manage downside risk.

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⚠️ Risk Management

• Position Sizing: Risk only 1-2% of your trading capital on this trade.

• Market Monitoring: Keep an eye on Bitcoin’s price movements, as BNB often correlates with BTC.

• News Awareness: Stay updated with any news regarding Binance or regulatory changes that could impact BNB’s price.