Here is a quick technical analysis of BNB (Binance Coin) based on the current price of $666.82, considering that it is a coin closely linked to the Binance platform and is one of the major currencies in the market.
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🔹 Technical Analysis – Short Term (Scalping or Day Trading)
✅ General Trend:
BNB is in an uptrend on the daily timeframe, having recently broken a strong resistance area near $640-650.
📊 Nearby Support and Resistance:
First Support: 660 – Psychological and technical level.
Second Support: 640 – Previous breakout area.
Current Resistance: 680 – A nearby resistance level and a potential profit-taking point.
Next Resistance: 700 – A very important psychological level.
🕯️ Technical Indicators (if you are using the chart):
RSI on the four-hour chart is close to 70 ⇒ indicates a potential overbought condition.
MACD is positive ⇒ supports the upward trend but with caution of a slowdown.
Moving Averages MA50 and MA200 ⇒ the price is above them, confirming the uptrend.
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🔹 Quick Trading Opinion (Scalping)
Scenario Entry Target Stop Loss
Buy on Correction 660–663 678–680 654
Sell from Resistance 678–680 665–668 684
> ⚠️ If the price breaks 680 with a strong 1-hour candle close, the path is open toward 700.
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🔸 Fundamental Analysis (Simplified)
With the expansion of Binance platform usage and the return of momentum to the crypto market, BNB is benefiting from that.
Currently, there are no direct negative news on the coin, supporting the continuation of the uptrend as long as the overall market remains stable.
