$BNB 💪 🚀 🔥 💪 💪
Technical Analysis Overview
Trend:
BNB has recently been in an uptrend, forming higher highs and higher lows on the 4H and daily charts.
Entry Point:
Enter Long between $612 – $620, if:
RSI is in the 40–50 range (neutral-to-oversold zone)
Price shows a bullish candlestick pattern (e.g., hammer, engulfing)
Volume increases compared to the last 4 candles
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3. Stop-Loss & Take-Profit:
Stop-Loss: Below $600 (strong psychological and technical level)
Take-Profit Targets:
TP1: $650 (previous high)
TP2: $675 (next Fibonacci extension level)
TP3: $700 (psychological level & breakout target)
Risk Management:
Risk no more than 2% of capital
Use trailing stop once TP1 is hit to ride the trend higher
Reassess if price breaks and closes below $600 on the 4H chart
