$BNB /USDT 4H Technical Analysis & Spot Trading Signal

1. Market Overview:

Current Price: $652.35
Resistance Levels: $660, $680, $700
Support Levels: $640, $620, $600
RSI (Relative Strength Index): 48.07 (Neutral zone)
Trend: Price is consolidating after a strong uptrend, with sideways movement and RSI stabilizing.


Trade Setup for Spot Trading:
📌 Entry Points:

Aggressive Entry: Buy at $650 - $655 (Current price range).
Safer Entry: Wait for a retest of support around $640 before entering.

🔻 Stop-Loss Placement:

Place stop-loss at $630 (Below recent lows to minimize risk).

🎯 Take-Profit Targets:

TP1: $660 (Short-term resistance)
TP2: $680 (Next key resistance)
TP3: $700 (Major resistance level)

⚡ Trade Summary:

Risk-to-Reward Ratio: ~2:1
Trend Confirmation Needed: If price breaks above $660, expect more bullish momentum.

📌 Recommendation: If the price holds above $640, consider a long position with a stop-loss at $630. If BNB breaks above $660, it could trigger more upside towards $680 - $700.