Short-term trading strategy for $BNB after breaking the averages - Is it time to buy?
In light of the positive momentum that $BNB is witnessing against USDT, we note the following:
The current price at 614.74 USDT has clearly broken the 7, 25, and 99 moving averages, which gives a strong buy signal.
The RSI indicator has exceeded the level of 70, indicating overbought conditions and a potential temporary correction.
Trading volume is increasing, which supports the continuation of upward movement in the short term.
_ Proposed Strategy (Short-term trading):
Buy now at: 614 - 616
Stop loss: 599 (below EMA25)
Profit targets:
First target: 625 USDT
Second target: 637 USDT (previous resistance level)
Third target: 643 USDT (strong resistance according to the chart)
⚠️ Important Alert:
The RSI indicator is in the overbought zone, so it is advisable to closely monitor price behavior.
If the price fails to hold above 611, it may signal temporary weakness.
Advice: Monitor the 611 - 617 area closely, as it is a critical decision zone for the price.
