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$BNB BNB/USDT • Current Price: 658.37 • 24h High/Low: 662.60 / 656.88 (tight range) • EMA(9): 656.96 (blue) • EMA(21): 653.34 (red) • RSI(25): 52.76 (neutral) • RSI(100): 51.39 (neutral) • Recent price action is consolidating after a bounce from ~601.25 • Price is slightly above both EMAs (bullish sign for short term)
Analysis: ✅ Bullish signs: • Price above both EMAs shows a short-term uptrend. • EMAs are crossing upwards which usually supports further upside. • RSI is neutral — neither overbought nor oversold — so there’s room to move up.
⚠️ Risks: • The price is near local resistance around 662–665. • Volume seems flat, so momentum isn’t very strong.
Potential strategy: If you decide to buy now, you might aim for: • Take profit: Next resistance is near 678–680 (the last swing high). • Stop loss: Place it slightly below 653 (EMA21) or 648 (local support) to limit losses.
Conclusion: A short-term buy is reasonable if you expect a bounce to the previous high (~678). But wait for a confirmation candle or stronger volume if you want less risk. The risk/reward is okay but not perfect due to tight consolidation.
Never ever in 60$ that’s why they give options to use stop loss don’t think 🤔 this market is not going to your direction always it’s goes to opposite direction
The price is above both EMAs → short-term trend is still bullish. RSI is mid-range → no overbought signal yet.
However, the price is near the recent local high ($110,530.17), so it could face resistance around $110,500–$111,000.
🧩 Is Shorting Logical Now?
Pros: • Price is near local resistance → possible pullback. • Multiple rejections near $110,500 before. • If BTC fails to break $110,000–$111,000, a pullback to EMAs is possible.
Cons: • Trend is still bullish above the EMAs. • No overbought RSI yet.
So, shorting here is aggressive and only makes sense if you expect resistance to hold.
✅ Possible Short TP Levels
If you open a short: 1. First TP: $108,200 → EMA(9) 2. Second TP: $107,200 → EMA(21) 3. Extended TP: $105,700–$106,000 → next support zone on the chart.
📌 How to Manage It • Stop Loss: Above $110,700–$111,000 • Entry: Near $109,500–$110,000 • TP1: $108,200 • TP2: $107,200 • TP3: $105,700
⚠️ Key Tip
Watch price action at $110,000–$111,000: If it breaks and holds above, close the short to limit losses.