Juicy BNB setup right here. Chart looks absolutely primed for upside! 🚀
Alright team, let's break down this juicy $BNB chart and see what's cooking.
Looking at the daily timeframe for $BNB/USDT, we can clearly see a robust uptrend firmly established. The price has just experienced a healthy pullback, testing and successfully bouncing off our critical support zone.
This support zone is anchored by a strong rising trendline and a key horizontal support level around $930. The recent rebound confirms the strength of this support, indicating buyers are stepping in at these levels. Our immediate target for upside remains the resistance zone between $1,122 and $1,150.
This looks like a classic 'buy the dip' scenario within an ongoing uptrend. As long as $BNB holds above the rising trendline and the $930 support, the path of least resistance is up towards our target.
Highly recommend HOLD and Stacking $BNB at Binance.
https://www.binance.com/join?ref=16799922
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