Setup for $BNB
/USDT
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1. Coin Name:
$BNB /USDT
2. 24 Hours Change:
+0.68% (BNB is showing slight upward movement but might be heading for resistance.)
3. Targets:
- TP1: 552.80 – A potential support level where the price might bounce.
- TP2: 548.34 – A deeper support level where BNB may struggle to drop further.
- TP3: *547.02* – The 24h low, a critical level where afurther pullback could potentially occur.
*4. Entry Time*:
- *Short Entry*: Enter the short position around *555.59* or if BNB starts to show signs of resistance at the *24h high* of *574.59*.
5. Stop Loss:
- *Stop Loss*: Place the stop loss just above the *24h high* at *574.59* to protect from any unexpected upward movement.
*6. Take Profit*:
- Take Profit (TP1)*: *552.80*
- *Take Profit (TP2)*: *548.34*
- *Take Profit (TP3)*: *547.02
*7. Maximum Profit:
- *Maximum Profit*: If BNB reaches *547.02*, the potential profit could be around *1.5-2%* from your entry point.
*8. Maximum Loss*:
- *Maximum Loss*: If the price rises above *$574.59*, your loss could be around *3-4%*.
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*Risk-Reward Ratio*:
- *Risk*: 3-4%
- *Reward*: 1.5-2% (from TP1 to TP3)#VIRTUALWhales
