Technical trading opportunity on #BNB/USDT – Is the price explosion starting now?!
Brief technical analysis:
BNB is showing signs of recovery after a clear bounce from support at 639 USDT.
✅ RSI = 44.92 → Neutral and gradually bullish
✅ Green retracement candle after a series of corrections
✅ Price is above the 10MA and approaching a crossover with the 5MA
✅ MACD indicators have started to reduce negative momentum
🔸 Key support area: 639 – 619 USDT
🔸 Next resistance area: 663 then 675 USDT
🔸 Upper Bollinger line: 691 USDT = Potential short-term target
Suggested trading strategy:
Proposed entry: Between 648 – 652 USDT
First target: 675 USDT
Second target: 691 USDT
Stop loss: 638 USDT
Trade type: Buy (Long) on a 4-hour timeframe
Suitable leverage: 5x to 10x for moderate risk
Note for traders:
If the price closes above 663 with a strong candle = Confirmation of additional bullish momentum
Otherwise, maintain your stop loss strictly and re-enter upon retest
