Comprehensive and in-depth analysis of the price $BNB 🚨🔥
The price $BNB is currently trading at $1,116. The price is adhering to its upward channel, showing strong buying interest after several significant pullbacks. The price of BNB has recovered by approximately 11% from its recent lows and is currently forming higher lows - an indicator of a potential bullish trend.
If it surpasses $1,230, we may witness a strong rise towards the $1,300-$1,350 level.
However, if it drops below $1,080, it may be followed by a short-term retest near $1,050.
Support area: $1,080-$1,100
Resistance: $1,200-$1,230
🎯 Trading setup:
Entry price: $1,100-$1,120
Stop loss: $1,065
First profit price: $1,150
Second profit price: $1,170
Third profit price: $1,200
📊 Market sentiment: The price $BNB is still in a medium-term upward trend, as bulls defend the main trendline support.
💡 Professional tip: Watch for a clear breakout above $1,230 with trading volume to confirm the next rise.
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