This chart shows the price movement of BNB/$USDC DT on Binance. Based on this data:

Observations:

  1. Price Recovery: BNB has bounced back from $660 to $696.32 (+3.40% in 24 hours), signaling bullish momentum.

  2. Support Level: Strong support exists near $660.

  3. Resistance Level: The 24-hour high is $698.55, which serves as an immediate resistance.$XRP

  4. Long-Term Trend: A 127.78% yearly gain indicates a strong overall uptrend.

Trading Strategy:

For Short-Term Traders:

  • Entry Point: If BNB breaks above $BTC 698.55 with strong volume, consider entering a long position targeting $705 or higher.

  • Stop Loss: Place a stop loss below $687 to minimize risk.

  • Sell Option:

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