BNB/USDT 1H Chart Analysis
Price action on BNB/USDT (1H) shows a breakout above a consolidation zone, signaling bullish momentum. Enter a long position at 602.23, targeting 612.00 (TP) for potential gains, and set a stop-loss at 599.58 (SL) to mitigate risk. RSI at 48.99 indicates neutral momentum, while MACD at -0.20 suggests a weakening bearish trend, supporting the upward move. Monitor for sustained buying pressure or a reversal signal around the resistance level on this hourly chart.
Entry Price : 602.23
Tp Around : 612.00
SL : 599.58
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