BNB/USDT Analysis
✅ Technical Data:
Current Price: $658.
Overall Trend: Previous decline followed by a bullish rebound from $645.
Moving Averages (MA):
MA(7): 657.49 – price is slightly above (positive signal).
MA(25): 655.11 – price is also above (positive signal).
MA(99): 657.83 – price is very close and trying to break it (important current resistance).
Trading Volumes (Volume): There is a noticeable increase in volume at the beginning of the rebound, which is considered support for the bullish trend.
🔍 Notes:
There are consecutive green candles indicating buying strength.
The crossover of the short-term moving averages (7 and 25) upwards suggests the possibility of continuing the rebound.
Strong resistance nearby at 659 - 660 (MA99).
The nearest support at 651 then 645.
📌 Is it suitable to buy now?
Risky Entry: Yes, but on the condition of a clear break above 660 and staying above it, with a stop loss below 651.
Safe Entry: Wait for a stable break above 660 with strong trading volume, then buy.
Buying now is considered a slight risk due to the nearby resistance (MA99).
📉 Recommendation:
✅ For the quick trader: Partial entry on breaking 660 with a stop loss at 651.
⏳ For the conservative investor: Wait for confirmation of the trend above 660-662.