📈 *Important Update for $BNB
* 📊
$BNB shows stability after a sharp drop from the 890–900 dollar range, currently trading around 857 dollars. The one-hour chart shows buyers entering near the support area of 840–850 dollars, with the price forming a base and attempting a short-term recovery.
_Trading Setup_:
- _Entry Point for Buy_: 850 – 860 dollars 📍
- _Profit Taking Targets_:
- _Target 1_: 875 dollars 🚀
- _Target 2_: 895 dollars 📈
- _Target 3_: 920 dollars 💥
- _Stop Loss_: below 835 dollars ⚠️
_Technical Analysis_:
- _Bullish Momentum_: $BNB shows bullish momentum while continuing to defend the support 🔄.
- _Bullish Continuation_: As long as the price remains above 850 dollars, the recovery structure remains intact, potentially opening the way towards the resistance area of 895–920 dollars 📈.
The currency shows potential for upward movement with a possibility of a bullish move 🚀.
