BNB has broken through 940 in recent days. From a technical perspective, the overall structure still leans bullish. The price is firmly above all moving averages, and having just successfully broken through the 900 to 930 resistance zone, the bullish momentum has not been broken. There is indeed still a chance to challenge higher levels in the short term.



However, it should also be noted that the RSI has already risen quite high, which means there is a higher likelihood of consolidation or a pullback after a rally. At this stage, chasing the price to enter the market carries some risk. A more prudent approach is to let the price consolidate first and see how it develops.

If one insists on trading (mainly for small-cap players' reference): take some profits at 960, and then gradually take profits in the 980 to 1000 range. Conversely, if the price falls below 930, it’s time to consider exiting the position.

Overall, the bullish trend is still intact, but this height indeed requires caution and prudence.
BNB0,25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)