The $BNB /USDT chart shows a nice upward trend, currently sitting at $868.27, after bouncing off support around $850.85. The price is nearing the resistance at $870, so there's potential for a short-term push higher.
Entry Points:
If you're looking to enter, consider buying around the current price of $868.27 or wait for a slight pullback to around $860 for a better entry.
Stop Loss:
Set your stop loss below the recent low around $856 to manage risk and avoid a larger drawdown.
Take-Profit Levels:
First TP at $870, just below the resistance level.
Second TP at $876, targeting the recent high.
Third TP at $883 if the price continues to climb.
The price is currently above the key moving averages (MA7, MA25), indicating bullish momentum, and volume is steady. Watch for any potential breakouts above $870, but keep an eye on pullbacks to manage risk effectively.
BNB
838.33
-1.13%