$BNB
Technical Analysis Summary:
Current Price: $626.99 (+4.07% in 24h)
Trend: Bullish continuation, forming higher highs and higher lows.
Moving Averages:
MA(7): $624.02 – short-term support.
MA(25): $616.09 – medium support.
MA(99): $602.75 – strong long-term support.
Volume: Increasing buying volume with a breakout from the $600 consolidation zone.
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1. Entry Points:
Primary Entry: $624 – $627 (current region), ideally during a small pullback to MA(7).
Breakout Entry: Above $630 with strong bullish candle and volume spike.
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2. Stop-Loss Placement:
Aggressive SL: Below $620 (beneath MA(7) & recent candle low).
Conservative SL: Below $610 (beneath MA(25) & support area).
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3. Take-Profit Target(s):
TP1: $635 – round-number resistance and short-term Fibonacci extension.
TP2: $645 – previous resistance zone.
TP3: $660 – extended bullish move if momentum holds.
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Example Risk/Reward (Aggressive Setup):
Entry: $626
SL: $619
TP1: $635
R:R = 9 : 7 = 1.28x