Based on the BNB/USDT 15-minute chart from Binance, here's a technical analysis and possible trade entry:
Market Overview (as of 667.00 USDT):
Current Price: $667.00
24h High/Low: $672.00 / $640.66
Price Movement: Uptrend confirmed by higher highs and higher lows.
MA Signals:
MA(7): 666.96 (price near it, acting as support)
MA(25): 660.67 (bullish crossover with MA(7))
MA(99): 654.95 (far below, indicating strong short-term bullish momentum)
Trend Analysis:
BNB has had a strong upward move recently with increasing volume.
The recent rejection near $672 could be a short-term resistance.
Current pullback to $667 may provide a potential entry point if support holds.
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Trade Setup:
Bullish Scenario (Long Entry):
Entry: Around $666–$667 if it holds support and forms a bullish candle.
Target 1: $672 (recent high)
Target 2: $680 (psychological & round number resistance)
Stop Loss: Below $660 (near MA25 or just under last consolidation area)
Bearish Scenario (if rejected again):
Short Entry: If price drops below $660 with strong bearish volume
Target: $652–$654 (near MA99)
Stop Loss: Above $667
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Caution:
This is a 15-minute chart—ideal for scalping or intraday trades. Use tight stop-loss and monitor closely.
Watch for news/events that could influence market sentiment.