📊$BNB BNB/USDT Analysis (1-Hour Timeframe)
Current Price: $721.19
📈 24H Change: +2.19%
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Key Observations:
1. Resistance Levels:
$728.74 (24H High)
$735 (Major Resistance Zone)
2. Support Levels:
$715 (Immediate Support)
$705 (Key Support Zone)
3. Trend: Uptrend with consolidation near resistance, indicating possible breakout or retracement.
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📈 Trade Plan:
🔵 Long Trade:
Entry Zone: $715–$718
Targets:
🎯 Target 1: $728
🎯 Target 2: $735
Stop Loss: $710
🔴 Short Trade:
Entry Zone: $728–$730
Targets:
🎯 Target 1: $718
🎯 Target 2: $710
Stop Loss: $735
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🛠 Risk Management:
Use 2%–3% of capital per trade.
Maintain strict stop-loss levels to limit losses.
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Momentum:
Bullish above $728
Bearish below $715
🚨 Caution: Monitor volume near key levels for breakout confirmation or trend reversal.
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