$BNB /USDT Analysis

BNB is trading at $553.05, up by 1.01%. Key support is at $540.00, while resistance is at $566.00. A breakout above $566.00 could signal a long entry with a target of $600.00 and a stop loss at $550.00. On the downside, a break below $540.00 may trigger a short entry with a target of $510.00 and a stop loss at $555.00. Volume shows a gradual increase, suggesting potential momentum. Watch for candle confirmation on the 4H timeframe to ensure valid breakouts. Trade cautiously and manage risks effectively.

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