BNBUSDT TECHNICAL ANALYSIS SHORT TERM VIEW
BNBUSDT running in positive trend and its immediate strong support area are 698 to 708.45 level . Stop loss is 695 level and it can rise above625.70 level in short term because of irregular correction is going on current pattern 5 minute chart. Intraday purpose buying is better for targets 718, 721 and 725 levels respectively with stop loss 695 level.
QUICK FUNDAMENTAL LOOK
BNB price reached a new all-time high on December 4 but is now facing a downtrend, as indicated by several technical indicators. The surge in BNB’s ADX to 31, up from just 12 the day before, suggests that the bearish momentum is gaining strength, signaling the potential for more downward movement in the short term.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .