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BNB recommendation for December 23
The BNB price surged to around 871 during the day but encountered resistance and pulled back, touching a low of around 853.5 before stabilizing and rebounding. It is currently reported at 856.52, below both the MA7 and MA30 moving averages, with the short-term moving averages in a bearish arrangement, exerting pressure on the price.
A key support area has formed around 853.50, where bearish strength has weakened, and short-term rebound signals have appeared. However, the resistance from the moving average system above still exists, temporarily limiting the upward momentum. Both bulls and bears are in a standoff at the current position.
Operation Suggestions
Buy on the dip near 853, targeting 865-875-885.
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