🚨 Price $BNB Skyrocketing! Is it still safe to enter now?
The current price of BNB is around $725, after briefly touching the resistance area of $760. Many traders are starting to ask:
"Is it still safe to buy now? Or should I wait for a correction first?"
📊 Brief Technical Analysis:
• RSI has touched level 68 → approaching overbought, beware of FOMO!
• Strong support is at $700 and $680
• Important resistance at $760 — if it breaks, the potential to continue to $800 is very high!
• Current volume is decreasing → a warning signal for a short-term correction.
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🧭 Entry & Exit Strategies for Traders:
✅ Ideal Entry Scheme:
• Wait for a correction to the $700–$710 area (buy on dip)
• Set stop-loss below $685
• Take profit target in the $780–$800 area
🚫 Avoid buying at the peak (near $760) unless a breakout is confirmed with high volume.
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💡 Tips for Beginners:
• Don't just jump in because you're afraid of missing out (FOMO)
• Always use a stop-loss
• Take partial profits if the price has touched the target (don't be too greedy)
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🔥 Conclusion:
BNB is currently strong, but entering at high prices without a strategy = high risk!
It’s better to wait for a retest of support or a valid breakout → then enter with confidence 💪
