🚨 $BNB SLIDING ❓❓ TIME TO BUY THE DIP OR WAIT? 🔍📉
$BNB is trading at $650.73, down -1.10% on the day. Is this just a healthy pullback or the start of deeper correction? Let’s dive in 🔎👇
📊 Technical Analysis:
🔹 Price is pulling back after recent highs near $710 – currently testing support zone around $645–$650.
🔹 RSI is neutral (~50) ➤ room for both upside and downside.
🔹 MACD is flattening, suggesting cooling momentum.
🔹 Daily chart shows higher low structure still intact – uptrend remains valid unless $640 breaks.
📈 Trade Setup (LONG idea)
💰 Entry Zone: $645 – $652
❌ Stop Loss: $635
🎯 Targets:
🔹 Target 1: $675 🥇
🔹 Target 2: $695 🥈
🔹 Target 3: $710 🥉
📊 Risk/Reward Ratio: ~2.0+
📌 Move SL to breakeven after hitting Target 1!
🔔 Conclusion: BNB remains in a strong uptrend. This minor dip could offer a low-risk entry for short-term traders if the $645 zone holds. Watch for bounce confirmation with volume.
👉 A smart dip entry or stay on the sidelines? You decide.
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Buy and Trade $BNB