Analysis and Recommendation
$BNB /USDT Set up a long trade monitoring for a breakout above 869
Current price: 854.23 | Rs242,413.38 | +0.39%
24-hour range: 820.60 – 869.40
Volume: 554,863 BNB / 471.46M USDT
Market outlook:
$BNB is stable after bouncing from the low of 820.60 and is now consolidating below the resistance area of 869.40. A breakout above 869 could lead to a continued upward movement towards the range of 880–895.
Entry level:
Enter long between 852 – 856 upon confirmation of buying momentum.
Stop loss:
Place the stop loss below 845 to limit downside risk.
Target points:
• TP1: 869.00
• TP2: 880.00
• TP3: 895.00
Trade analysis:
Maintaining higher lows above 850 indicates that buyers are defending key levels. If volume increases on a breakout above 869, short-term momentum could accelerate towards the next resistance area. Watch for strong green candles before entering for better confirmation.
Buy and trade from here and follow the recommendation