Evergreen my favourite $ BNB

$ BNB /& USDT , here's a technical analysis with potential entry, take profit, and stop loss levels:

Analysis Summary:

Trend: The price (638.11) is below both EMA(9) (638.96) and EMA(20) (640.64), indicating short-term bearish momentum.

RSI & Stochastic RSI:

STOCHRSI (38.07) and MASTOCHRSI (39.63) are near oversold but not extreme, suggesting potential downside or consolidation.

MACD:

DIF (-1.81) is below DEA (-1.56), with a negative MACD histogram (-0.25), confirming bearish momentum.

Volume:

Current volume (5,550.955) is below MA(5) and MA(10), indicating weaker participation in the current move.

Trade Setup:

Scenario 1: Short Trade (Bearish Continuation)

Entry: 637.50–638.50 (below EMA(9) and EMA(20)).

Stop Loss: 643.50 (above EMA(20) to account for potential reversals).

Take Profit:

TP1: 632.00 (minor support).

TP2: 626.00 (next swing low).

Scenario 2: Long Trade (Reversal Play)

Entry: Wait for a break above EMA(20) (~640.64) with volume confirmation.

Stop Loss: 635.00 (below recent lows).

Take Profit:

TP1: 645.00 (resistance zone).

TP2: 650.00 (psychological level).

Key Notes:

Confirmation: Watch for MACD crossover (bullish: DIF > DEA; bearish: DIF < DEA).

Risk Management: Risk ≤2% of capital per trade. Adjust position size accordingly.

Market Context: Check higher timeframes (e.g., 4H/1D) for alignment with the trend.

Disclaimer: This is not financial advice. Always conduct your own analysis.