📊 Technical Analysis (BNB/USDT)
The "Green Number" (666.79): This number is already alarming for being the unlucky number of the enemy, but this is the current price. It turned green because the last movement was upward (recovery) compared to the previous seconds. However, note that over the 24-hour cumulative, it is still down -8.82%.
Entry Point: The chart shows a "stretch" upward (yellow candles rising strongly). Entering now can be risky (buying at the top of the local movement). A safer point would be to wait for a retest at the support of 657.00 (near the gray moving average line).
Exit Point (Target): Immediate resistance is at the recent high of 735.74. If you are looking for a short trade, taking partial profits near 680.00 is prudent.
Holding: BNB is a strong utility asset (Binance Launchpools, fees). If your focus is long term, the 8% drop is just noise, but for the short term, the chart suggests it needs to consolidate above 670.00 to confirm the reversal.
✍️ Post Suggestion for Binance Square
Here is a text with a professional and analytical tone for you to post:
Title: BNB/USDT: Recovery in sight or just a "dead cat bounce"? 📉🚀
"The BNB/USDT pair experienced a sharp correction of nearly 9% in the last 24 hours, testing important supports in the $646 region. At the moment, we observe an interesting buying reaction, with the price trying to regain the zone above $665.
Points of attention:
Volume: Buying volume is increasing, but we need sustained volume to break the barrier of $680.
Support: The $650 region has proven to be a zone of strong buying interest.
Strategy: Time for caution. For those looking for entries, it's worth observing the behavior of BTC, which dictates the pace. Fractional entries can reduce average risk while the market seeks stability.
And you, do you believe that BNB will reach $700 today or will we have a new correction? Comment below! 👇"
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