$BNB š BULLISH MOMENTUM š
š Market Overview
Price: $649.67
24h Volume: $57.72 million
7-Day Change: +4.3%
Trend: Bullish continuation, approaching key resistance
Structure: Ascending channel with bullish consolidation above $640 support
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š Technical Analysis
Support Levels:
Short-Term: $640
Major: $615 (channel base + 21 EMA)
Resistance Levels:
Immediate: $658 (recent high)
Breakout Target: $680 ā $700 zone
Indicators:
RSI (1H): 64 ā nearing overbought, healthy momentum
MACD: Bullish crossover confirmed on 4H chart
Volume Trend: Rising, confirms strength in recent push
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šÆ Short-Term Trading Strategy
Type Entry Price Take-Profit Targets Stop-Loss
Buy Dip $640ā645 zone $658 ā $675 Below $625
Breakout > $658 w/ volume $680 ā $700 $645 (trailing stop)
> š§ Watch for consolidation above $640 before entry. High-volume breakout over $658 signals renewed upside momentum.
ā ļø Risk Assessment
Short-Term Volatility: Moderate
Whale Activity: Accumulation at $610ā$625 observed
Macro Risk: BTC dominance rise could cause rotation out of alts
Breakdown Risk: Below $625 = bearish invalidation for short-term setup
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ā Disclaimer
This is not financial advice. Trading cryptocurrencies involves significant risk. Always do your own research (DYOR), use proper risk management, and never invest money you can't afford to lose.