$BNB first signal
Buy Entry: Above $656
Stop Loss: $640
Target 1: $665
Target 2: $675
Technical Justification:
Price Action: BNB is currently consolidating between $645 and $660. A breakout above $656 would signal bullish momentum returning.
Moving Averages: Waiting for the price to close above the 20 and 30-period MAs (currently near $655–$656) confirms short-term strength.
RSI (6): Currently around 44. A breakout with RSI crossing above 50 would confirm strength.
Support Zone: Strong support is holding near $640–$642.
Stop Loss is placed just below this support to manage risk.
Trade Strategy: Wait for a strong green candle to close above $656 with increasing volume before entering the trade. Targets can be scaled out in two parts.
Risk Management:
Risk only 1–2% of your capital.
Adjust position size based on stop loss distance.
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