BNB/USDT: Enter on Bullish Consolidation Break, Buy Stop at $625

BNB/USDT has displayed a bullish consolidation pattern and is now poised for an upward breakout. A buy stop order is set at 625 to capture the breakout from this consolidation, targeting a favorable risk/reward ratio of 1:2. This strategy anticipates a significant upward movement as BNB/USDT aims to reach higher resistance levels. Monitor closely for the activation of the buy stop as it indicates strong buyer momentum, positioning for a potential rise towards our calculated target.

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We finally got a breakout. Let's keep watching

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If someone didn't have time to enter the trade earlier, you can do so now