Market Analysis of BNBUSDT on Tuesday 3 DECEMBER 2024

2024-12-03 17:04Source:BtcDana

BNBUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


BNBUSDT running in negative trend and its immediate strong resistance area  are 632 to 660 level .  Stop loss is 720 level and it can fall  towards 600 level sharply in short term  . Intraday purpose selling is better for targets 648, 644 and 640 levels respectively with stop loss 700 level.


QUICK FUNDAMENTAL LOOK                                                                    


BNB Price is just 10% away from its previous all-time high, surging 181.79% this year as it continues to display strong market performance. However, recent indicators, including the ADX and Ichimoku Cloud, suggest that the current uptrend may be losing steam.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account  .

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