$BNB USDT - POTENTIAL BULLISH REVERSAL! š
Here's a quick technical analysis of the $BNBUSDT chart:
Key Levels:
* Current Price: 655.92 š¢
* Immediate Resistance: 658.74 - 658.75 (The green box above current price, a key level to break for further upside).
* Immediate Support: 654.00 - 655.00 (The red shaded area where price is currently finding support).
* Strong Support: 651.14 (A more significant support level if the current support breaks).
Trade Setup:
Given the bounce from the red support zone and the overall bullish trend indicated by previous price action, we are looking for a LONG entry. The chart suggests a potential "buy the dip" scenario.
* Entry: Consider entering around 655.00 - 656.00 (within the current support zone).
* Target 1 (TP1): 658.50 šÆ
* Target 2 (TP2): 660.00 š
* Stop Loss (SL): 653.50 š (Just below the immediate support zone).
Risk Management:
Always define your stop-loss before entering a trade and stick to it! Risk only a small, fixed percentage (e.g., 1-2%) of your capital on each trade to protect against unexpected market movements. Proper risk management is key to sustainable trading. š”ļøš°
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