🚀 TRADE SIGNAL: $BNB /USDT (LONG)
The chart shows a strong recovery attempt after a significant dip. We are seeing a "higher low" pattern forming, suggesting that the selling pressure is exhausting and buyers are stepping back in.
BNB
616.75
+1.72%
📊 Technical Setup
Current Price: $645.46
Entry Zone: $640.00 – $646.00
Pattern: Double Bottom / Bullish Reversal at support.
Indicators: Price is hovering near the MA(7), looking to reclaim higher moving averages for a trend shift.
🎯 Targets (Take Profit)
TP1: $720.00 (Initial resistance)
TP2: $780.00 (Major structural resistance)
TP3: $840.00+ (Long-term breakout)
🛡️ Risk Management
Stop Loss (SL): $615.00 (Below the recent swing low)
Risk/Reward Ratio: Approx 1:3