๐$BNB BNB/USDT Analysis (1-Hour Timeframe)
Current Price: $721.19
๐ 24H Change: +2.19%
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Key Observations:
1. Resistance Levels:
$728.74 (24H High)
$735 (Major Resistance Zone)
2. Support Levels:
$715 (Immediate Support)
$705 (Key Support Zone)
3. Trend: Uptrend with consolidation near resistance, indicating possible breakout or retracement.
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๐ Trade Plan:
๐ต Long Trade:
Entry Zone: $715โ$718
Targets:
๐ฏ Target 1: $728
๐ฏ Target 2: $735
Stop Loss: $710
๐ด Short Trade:
Entry Zone: $728โ$730
Targets:
๐ฏ Target 1: $718
๐ฏ Target 2: $710
Stop Loss: $735
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๐ Risk Management:
Use 2%โ3% of capital per trade.
Maintain strict stop-loss levels to limit losses.
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Momentum:
Bullish above $728
Bearish below $715
๐จ Caution: Monitor volume near key levels for breakout confirmation or trend reversal.
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