🚨 BNB Breaks 660 USDT: On Path to All-Time High? 🚨

Binance Coin (BNB) has surged past the 660 USDT mark. Let's dive into the key indicators to determine if it's poised to break the all-time high.

🔍 Key Observations:

All-Time High (ATH): 691.8 USDT

Major Support Levels:

mVAL: 602.0 USDT

Mid: 640.0 USDT

Volume Profile:

Point of Control (POC): High trading activity around the 620 USDT level

Relative Strength Index (RSI): 81.32, indicating overbought conditions

📈 Price Action Analysis:

BNB has shown strong bullish momentum, breaking past the 660 USDT resistance.

The next significant resistance level is the ATH at 691.8 USDT.

With RSI in the overbought territory, a pullback could occur before attempting to breach the ATH.

🚀 Potential Scenarios:

Bullish Continuation: If buying pressure sustains, BNB could aim for the ATH and potentially form new highs.

Short-term Correction: Overbought RSI may lead to a correction towards the 640 USDT support before resuming upward.

💡 Trading Strategy:

For Long Positions: Consider entering on dips near 640 USDT with targets around ATH.

For Caution: Monitor RSI for signs of reversal or consolidation. I shorted bnb at 670

🔥 Community Engagement:

What’s your take on BNB’s potential to hit new highs? Comment below!

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