Xu Xu Baby says Coin Morning 5:50 BNB Strategy Analysis

This morning BNB price is 854. Observing the K-line chart, the key resistance level is at 870, which has been touched multiple times before encountering resistance and retreating. A large amount of selling pressure has accumulated at this point, forming a strong resistance. The support level is at 830, which is a position that has rebounded multiple times in the past, with a large amount of buying pressure gathered here, forming a solid support area.

Operational idea: If the price breaks above 870, one can go long in the trend, with the target first looking towards the 890 - 900 range, as these two levels are significant resistance levels from before, and a breakthrough is expected to bring a larger increase. If it fails to break 870 and instead retreats, when approaching the 830 support level, one can try to go long with a light position, setting a stop loss below 825. Once the price drops below 825, the short-term trend turns bearish, and it is recommended to exit and observe first, waiting for the trend to clarify, such as waiting for the price to stabilize at a certain key support level again, or to see a clear reversal signal before making a decision. Friends who do not understand the trend direction, the teacher shares directional strategies every day, so pay more attention! #bnb #BNB走势 #加密市场回调 #主流币轮动上涨 #美国7月PPI年率高于预期