$BNB

📈 Technical Analysis & Trading Signal

Current Market Conditions:

Relative Strength Index (RSI): Approximately 58, indicating neutral momentum.

Moving Averages: The 50-day and 200-day moving averages are both sloping upward, suggesting a strong long-term bullish trend.

MACD: The MACD remains in bullish territory, though histogram bars suggest some cooling.

Key Support & Resistance Levels:

Support: Around $682, with multiple tests showing sustained buyer interest.

Resistance: Near $689.35, with a minor pullback observed upon testing this level.

Trade Setup:

Buy Entry: Consider entering a long position if the price breaks above $689.35 with confirmation through increased volume and a bullish candlestick close.

Target Price: Initial target at $700, with a potential extension towards $720 if bullish momentum persists.

Stop Loss: Place a stop loss below $682 to manage risk effectively. #BinanceHODLerHAEDAL