$BNB /USDT Trade Setup
Market Insight:
$BNB is currently trading at $689.20, up +2.81%, showing bullish continuation. Price is hovering just below the upper Bollinger Band (UP: $694.67), signaling strong short-term momentum. The breakout of the $692 resistance could fuel further upside, but overextension near the upper band may cause a pullback.
š„ Entry:
Buy Zone: $679 ā $685 (ideal on minor pullbacks or consolidation)
Aggressive Buy: On breakout above $694 with volume
šÆ Targets:
$698 ā Minor psychological resistance / upper band reaction
$712 ā Weekly resistance zone
$730 ā Next macro swing target if bullish momentum sustains
š Stop Loss:
Conservative: $672 (below 20-MA and mid-Bollinger Band)
Aggressive: $665 (below last local swing low)
Key Levels:
Support: $672 / $665 / $657
Resistance: $692 / $698 / $712
Pivot Zone: $678 ā $685
š” Pro Tip:
If entering on a breakout above $694, monitor closely for volume confirmation. Consider trailing your stop to secure profits near $712. Avoid chasing entries above upper Bollinger Band without consolidation.
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