🔹 Potential Entry and Exit Points for BNB/USDT
📈 Long Trade Entry Opportunities:
✅ Safe Entry: After breaking and closing above 600 - 605, with confirmation through strong trading volume.
🎯 Targets:
First Target: 610 - 615
Second Target: 628 - 635
🛑 Stop Loss: at 590
✅ Higher Risk Entry: If the price reaches 577 - 580 and shows strong reversal signals such as engulfing candles or an increase in RSI.
🎯 Targets:
First Target: 590 - 595
Second Target: 600 - 605
🛑 Stop Loss: at 570
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📉 Short Trade Entry Opportunities:
✅ Safe Entry: If the price breaks 590 with a clear close below it.
🎯 Targets:
First Target: 577 - 580
Second Target: 560 - 546
🛑 Stop Loss: above 600
✅ Higher Risk Entry: If the price fails to break 600 - 605 and forms bearish reversal signals (like a Doji candle or price rejection).
🎯 Targets:
First Target: 590 - 595
Second Target: 580 - 577
🛑 Stop Loss: above 610
🛠️ Additional Tips:
Monitor Trading Volumes: If volume increases with the breakout, it strengthens the movement.
Watch the RSI Indicator: If it falls below 30, there may be a temporary rebound.
Use Risk Management: Do not risk more than 2-3% of your capital.
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