$BNB /USDT Technical Analysis and Trade Signals

Current Price: $697 (-3.07%)

Technical Analysis:

1. Support Levels:

$642 (Key Support)

$665 (Immediate Support)

2. Resistance Levels:

$715 (First Resistance)

$731 (Major Resistance)

3. Moving Averages:

The price is below the 50 EMA, indicating a short-term bearish trend.

RSI (Relative Strength Index): At 40, near the oversold zone, suggesting a potential pullback.

Trade Signals:

Trading Momentum: Cautious bearish trend with a potential short-term bullish pullback.

1. Buy Entry Zone:

$680 - $690

2. Targets:

🎯 Target 1: $715

🎯 Target 2: $731

🎯 Target 3: $755

3. Stop-Loss:

$665 (Below key support)

Trade Momentum:

If the price approaches $642, it could become a strong buying zone.

A breakout above $715 might signal further bullish momentum.

A drop below $665 may continue the bearish trend.

#BinanceHODLerMOVE #MarketCorrection #BURNGMT #BuyTheDipOrWait