$BNB / USDT ā Showing Signs of Recovery! š±
$BNB is currently trading at $606.31, showing a slight gain of +0.98%. The 4-hour chart indicates a recovery after a recent dip, with green candles forming and pushing the price upwards.
Potential Scenario:
Observation: $BNB found support around the $602 level and is now attempting to climb back up. Breaking above the recent high could signal further bullish momentum.
Possible Trade Considerations (Watch for Breakout):
Entry: Consider potential entries around the current level or on slight pullbacks towards $605, looking for support to hold.
Target 1: $607.56 (24-hour high)
Target 2: $610
Final Target: $615+ (testing previous highs)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $602, to manage risk.
Key Observation: Watch if BNB can break above the $607.56 resistance level with good volume for potential further upside.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday afternoon here in Multan!
