$BNB /USDT Technical Analysis – Short-Term Trade Setup
BNB is currently trading at $646.34, showing a modest +1.00% increase. Price action reveals key resistance near $653.75 (24h high), with support forming around $635.93. Momentum indicators suggest a potential short-term correction.
RSI is approaching overbought territory, indicating possible exhaustion.
MACD shows weakening bullish momentum.
Bollinger Bands tightening, hinting at an upcoming volatility squeeze.
Volume: 24h trading volume stands at 178,480 BNB / $115.36M, reflecting strong market interest, but potential for profit-taking.
Short Trade Strategy: Consider entering a short near resistance ($650–$653) with tight risk management.
Short Targets:
Target 1: $640
Target 2: $633
Target 3: $625
Risk Management: Stop-loss suggested above $655 to limit upside exposure.
Always trade with a plan and manage your risk accordingly.