BNB's performance today is still quite promising. From a technical perspective, the signals are all pointing in a positive direction—after rebounding from the previous low of 875, the price has firmly stabilized above the middle band of the Bollinger Bands, currently trading at 899, which is a relatively strong zone. The Bollinger Bands are widening, indicating that there is still room for upward movement.
In terms of actual trading, my plan is to enter multiple long positions within the range of 894 to 897, with a stop loss set at the previous low of 875. The initial target is to focus on the 905 to 910 range. If a smooth breakout occurs, then the pressure at the previous high of 920 to 924 won't be far off.
The current bullish pattern is quite clear, but risk management is still essential, given the many uncertainties in the market.
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BNB's performance today is still quite promising. From a technical perspective, the signals are all pointing in a positive direction—after rebounding from the previous low of 875, the price has firmly stabilized above the middle band of the Bollinger Bands, currently trading at 899, which is a relatively strong zone. The Bollinger Bands are widening, indicating that there is still room for upward movement.
In terms of actual trading, my plan is to enter multiple long positions within the range of 894 to 897, with a stop loss set at the previous low of 875. The initial target is to focus on the 905 to 910 range. If a smooth breakout occurs, then the pressure at the previous high of 920 to 924 won't be far off.
The current bullish pattern is quite clear, but risk management is still essential, given the many uncertainties in the market.