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$BNB Showing signs of a strong recovery as it bounces up from a key support zone and forms a higher low(. This is a technical pattern commonly seen during the transition from correction to a short-term bullish continuation.
After the previous correction, buying interest has started to return around the 620 level, helping the price maintain its upward structure. The formation of a higher low indicates that the buyers are gradually gaining control, opening the possibility of further recovery in the upcoming sessions.
📌 Suggested trading strategy:
Entry zone: 620 – 630
TP1: 640
TP2: 655
TP3: 675
Stop loss: 605
The 620–630 range is considered a reasonable area to look for buy entries as long as the price stays above the support. If the bullish momentum remains intact, targets of 640 and 655 could be reached in the short term. A further target is 675 if the market maintains a positive sentiment.
However, it is important to manage risk carefully with a stop loss at 605. If the price breaks below this zone, the short-term bullish structure will be invalidated, and the recovery scenario may no longer be valid. In a volatile market environment, strict adherence to trading discipline and proper capital management are key factors. )
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