🚀👀BNB Rises 1.32% to $606.72 – $620.00 Next🤔🔥?📈
BNB price at $606.72, up 1.32% with 2.01% volatility in 24H! Support $597.00, resistance $609.00. MACD bullish, low volatility. 💡 Scalp $597.00–$619.95, stop loss $592.69. More gains or consolidation? What’s your take? 📊 #BNB
📌Insights for Traders
🧭Short-Term (Scalping/Day Trading):Entry Point: Buy on a dip to $597.00–$592.69 if the price holds above $597.00 (confirm with volume and RSI dropping to 50).
Target Profit: Sell at resistance $609.00–$619.95.Stop Loss: $592.69 to limit risk.
Strategy: Use small timeframes (15M/1H) for scalping, capitalizing on a potential rebound after consolidation.
Medium-Term (Swing Trading):Wait for a confirmed breakout above $609.00 with high volume for a long position, targeting $619.95–$630.00.If the price breaks below $597.00, watch for a deeper correction to $592.69 or $580.00.Monitor Binance-related news (e.g., new feature launches or ecosystem developments) for additional catalysts.
🚨Risk Management:Allocate 15–20% of your portfolio for BNB trading due to its low volatility and strong fundamentals.Be cautious of a correction if the broader
Will BNB break $620.00, or correct to $592.69? Share your thoughts below! 👇
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DisclaimerThis analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risks, and prices can be highly volatile. Always conduct your own research and consider your risk tolerance before making any trading decisions.