🔥 $BNB /USDT Spot Trade Signal: Trend Reversal in Play! 🔥
1. Asset: BNB/USDT
2. Entry Zone: $690 - $693 (on pullbacks)
3. Target Price (TP):
TP1: $700 (Short-Term Resistance)
TP2: $710 (Extended Target)
4. Stop Loss (SL): $685 (below strong support level)
5. Risk-Reward Ratio: ~1:2
6. Technical Outlook: After a consolidation phase, BNB is showing signs of recovery with bullish candles forming at support.
7. Strategy:
Enter near $690-$693 to catch the potential reversal.
Secure profits partially at TP1, holding the rest for TP2.
8. Indicators in Favor: RSI shows recovery from oversold territory; MACD signals building bullish momentum.
9. Risk Management: Limit position size to 2% of your portfolio to control risk exposure.
10. Caution: Monitor closely for rejection near $700 psychological level.
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