already long from average cost of $380 😊

$BNB /USDT - Technical Analysis & Trade Signals


Current Price: $780.27 (+20.07%)
24h Range: $622.85 - $780.78

Technical Indicators Overview

RSI: Overbought zone (72)

Moving Averages (MA):

50 EMA: $690 (Support)

200 EMA: $650 (Key Support)

MACD: Bullish momentum but shows signs of weakening.

Key Levels to Watch:

Immediate Resistance: $800

Immediate Support: $740

Strong Support Zone: $700 - $760
Trade Setup

Momentum: Bullish, but profit-booking possible near resistance zones.

Entry Strategy:

Buy Zone: $740 - $760 (Pullback Entry)

Targets 🎯:

1. Target 1: $800

2. Target 2: $830

3. Target 3: $860

Stop-Loss:

$720 (Below the strong support zone)

Trade Insights:

A successful breakout above $800 could open doors for $830 and beyond.

If price falls below $740, expect bearish momentum towards $700.

📊 Suggestion: Monitor the volume closely to confirm bullish continuation. Always use proper risk management!

Are you planning to go long or short? Let me know if further adjustments are needed.

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