BNB/USDT Price Long-Term: Bullish
Key Resistance Levels: 260.30, 281.10, 301.70
Key Support Levels: 240.00, 205.10, 139.25
On the daily time frame, the price was in an uptrend before posting a huge correction to the 205.10 level. We can notice that the buyers are trying to take control and push the price to the upside. Three days ago, the price managed to post a big engulfing candlestick which might lead to a move upward in the coming days.
BNB/USDT Medium-Term Trend: Bullish
On the 4-hr time frame, the price found buyers around the 61.8% Fibonacci level, and managed to break the flag formation to the upside. Currently, the price is bouncing around the 237.90 mark. A lower correction might be seen to this level before a huge movement to the 301.70 mark.
Buy Limit Order @ 237.90
TP 1 @ 301.70
TP 2 @ 333.05
Stop Loss @ 216.64
Trade Safely 🙂