$BNB

📉 Analysis of the BNB/USDT pair today on the Binance platform

While monitoring the movement of the BNB coin, I noticed a rebound pattern forming near the support level of $530. I entered a buy position after a break of the downtrend on the short timeframe with positive volume.

🔹 Entry point: 534 USDT

🔹 First target: 550 USDT

🔹 Stop loss: 525 USDT

Technical analysis supports further upward movement, especially with BNB stabilizing within the upward channel. Additionally, BNB's adoption in the Binance Smart Chain increases its strength as a long-term investment currency.

✍️ Tip: Always follow technical indicators, and do not enter the market without a clear plan.

#BNB #Binance #Trading #Technical_Analysis #Crypto #BNBUSDT