$BNB

Signal Type: Buy Setup (Short-term Swing Trade)

1. Entry Point:

Entry Range: $600–$602

Price is near the midline (20-period moving average) of the Bollinger Bands, with potential for upward bounce. There is also a mild RSI recovery from a low of 40, suggesting oversold conditions may be easing.

2. Stop-Loss Placement:

Stop-Loss: $593

This is slightly below the lower Bollinger Band (~$598.59), providing room for normal volatility while protecting from downside breakouts.

3. Take-Profit Target:

Target 1 (Conservative): $610

This is close to the recent 24-hour high and upper Bollinger Band level.

Target 2 (Aggressive): $619

This is the recent swing high, ideal if bullish momentum continues.

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Risk-to-Reward (approx):

For Target 1: 1:1

For Target 2: ~2:1

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Note: If price breaks below $593 with strong volume, exit the trade as it could signal a bearish shift. Watch for RSI moving above 50 and upper Bollinger Band expansion for confirmation of trend strength.