#BNB
The price is at the level of $714.10 local resistance. The chart shows recovery after a correction, but key levels above and below create two probable trajectories.
Key levels:
Resistance:
$725.70 – the nearest level, a breakout of which will open the way to $761.64.
$794.26 – important final resistance for the current phase.
Support:
$641.69 – critical level for purchases after a possible correction.
$623.46 – confirmation of the buyers' interest zone.
Global downside targets:
$544.77 – strong level for profit taking by sellers.
Entry scenarios:
1. Bullish scenario:
A successful breakout of the $725.70 level with subsequent consolidation on the retest will signal for long positions.
Main targets: $761.64-$794.26.
Stop-loss: can be placed below the $714.10 level to minimize risks.
2. Bearish scenario:
A rebound from $725.70 or a false breakout will lead to a decline in the range of $641.69–$623.46.
Entry into sales is possible on a reversal from $714.10 or $725.70, targeting $544.77.