$BNB is approaching resistance... Are we witnessing an upcoming price explosion?
Technical analysis - BNB/USDT
Current price: $670.94
Time frame: Daily
The last candle closed strongly without an upper wick ➜ Evidence of buyer strength and their control over the close
The price is moving above the 10 and 5 moving averages ➜ An upward trend is quietly forming
RSI indicator at 56 ➜ A good space for upward movement before entering the overbought area
The MACD shows a slowdown in negative momentum and a potential positive crossover
Volume is slightly increasing ➜ Gradual liquidity entering
Suggested trading strategy:
🔹 Entry: Upon a clear breakout of the resistance level 673 with a strong candle and high volume
🔹 Near targets:
First target: 690
Second target: 703
🔹 Suggested stop loss: Below 657 (below the last candle's support)
Type of trade:
For beginners: Spot
For professionals: Low leverage contracts with strict risk management
💬 Question for the audience:
Do you think BNB can break the resistance at 673 and surge towards the 700 levels soon?
Or do you see it as just a temporary bounce before a deeper correction?
Share your opinion 👇