$BNB
Recommendation: (Degree 2)
Purchase Price: 646.90 - 647.00
Targets:
First Target: 650.50
Second Target: 655.00
Third Target (Extension): 661.50
Stop Loss: Close below 643.00 with a strong candle
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Technical Analysis (Recommendation Degree: 2 – Success Rate 85%)
The price is currently in a horizontal correction after a strong rise, and has formed a support area at 644.00.
RSI in the minor intervals is between 50-60, indicating the possibility of resuming the rise.
The recent candles show buying strength after breaking the 30-period average.
The trading volume is fairly good, and there is a relative balance in the order book (buy/sell).
The overall trend on the 1-hour and 4-hour charts is still upward, and buying from this level is considered relatively safe.
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Condition and Confirmation:
Close a strong 5-minute candle above 647.00 with high volume.
Additional confirmation if 648.50 is broken (daily high).
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Disclaimer:
This recommendation is not financial advice; the final decision is solely your responsibility. Be sure to manage your capital and adhere to the stop loss.
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