$BNB /USDT 4H Technical Analysis & Spot Trading Signal
1. Market Overview:
Current Price: $652.35 Resistance Levels: $660, $680, $700 Support Levels: $640, $620, $600 RSI (Relative Strength Index): 48.07 (Neutral zone) Trend: Price is consolidating after a strong uptrend, with sideways movement and RSI stabilizing.
Trade Setup for Spot Trading: 📌 Entry Points:
Aggressive Entry: Buy at $650 - $655 (Current price range). Safer Entry: Wait for a retest of support around $640 before entering.
🔻 Stop-Loss Placement:
Place stop-loss at $630 (Below recent lows to minimize risk).
Risk-to-Reward Ratio: ~2:1 Trend Confirmation Needed: If price breaks above $660, expect more bullish momentum.
📌 Recommendation: If the price holds above $640, consider a long position with a stop-loss at $630. If BNB breaks above $660, it could trigger more upside towards $680 - $700.