BNB Latest Market Analysis｜July 19
Current Price: 734 USDT
Recently, BNB's performance has been lukewarm yet carries an underlying strength.
First, let's look at the technical aspects:
The 734 level is a key short-term node, with clear resistance concentrated in the 750-755 range, which is a dense area of previous rebound highs.
If a breakout occurs with volume, it could potentially open up a new round of upward momentum, targeting 770+.
Downward support:
Support is located between 710-715, where the bulls previously established a baseline, and this is also the starting point of the current upward trend. If this level is lost, the bullish momentum may be interrupted.
Consider placing small long positions around 734-737, with strict stop-loss measures.
Looking up at the 750-755 range, if the upward movement lacks sufficient volume, be sure to take profits and avoid getting stuck in the trade.
If there is a pullback to around 712-715 and it stabilizes, it presents a safer second entry opportunity.
I am closely monitoring this wave of BNB's momentum. Recently, many traders have already benefited from my reminders and secured profits, resulting in a more stable mindset.
In this market position, if the rhythm is off, it’s just wasted effort; if the direction is wrong, it’s like giving away money!
Not every wave needs to be ridden, but I have alerted you to every critical point in advance!
If you want to get the right trades, don’t wait until after the price has risen to regret it!
