*" A detailed trading plan to achieve potential profits from BNB based on current forecasts and technical analysis:
BNB Trading Plan – May 12/5/2025
1. Proposed trading capital:
Assuming you have $1000.
Use 70% for trading and keep 30% for emergencies (Risk management).
2. Entry points (Buy Zones):
First entry: Upon breaking resistance at $685 with a 4-hour candle closing above it.
Safe entry: If the price returns to test support at $655 - $660 and stabilizes there.
3. Profit targets (Targets):
First target: $720
Second target: $750
Third target (Ambitious): $800
(Sell part of the trade at each target to secure gradual profits)
4. Stop-Loss:
Below support at $645 (in case of a strong break below support)
You can place it at $640 as a strong precautionary measure.
5. Trade management:
Monitor the RSI indicator: If it enters the overbought zone (>70), consider reducing part of the position.
Watch for important news (e.g., Federal decisions or Binance platform updates).
6. Additional recommendations:
Do not enter a full position all at once, split your entry into two or three phases.
Use the "Trailing Stop" feature if available, to secure profits.
