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$BNB /USDT Trading Update – Profitable Setup Alert
$BNB is currently trading at $629, showing a +4.63% increase in the last 24 hours. The price has tested a low of $597.20 and a high of $643.72 within this period, indicating strong volatility and potential for profitable trades. The price action suggests a recovery from the recent dip to $622.27, forming a bullish pattern on lower timeframes.
Trade Signal (Short-Term Intraday Setup):
Entry: Buy around $629 - $625 on minor pullbacks.
Target 1: $635 (Previous high)
Target 2: $643 (24h high)
Stop Loss: $620 (Below recent low)
This setup favors traders looking for short-term gains with a good risk-reward ratio. Given the strong buying volume and bounce from the support levels, a breakout above $635 could lead to further gains. However, if the price falls below $620, it's advisable to exit the trade and reassess market conditions.
Happy trading, and remember to manage your risk wisely!
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