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BNBUSD Poised for Breakout: $700 in Sight or Pullback Looming?

Long
Binance Coin (FX:BNBUSD)  
Z4F4R  
FX:BNBUSD   Binance Coin
Trend Analysis Chart Patterns Wave Analysis BNB bnbusd BNBUSDT binancecoin bnbusdlong
3
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trendanalysis chartpattern waveanalysis bnb bnbusd bnbusdt binancecoin bnbusdlong
I am eyeing a potential breakout if BNB closes above $620 on the daily timeframe. This decisive move could ignite a bullish run, anticipating a surge towards $700.

However, caution is warranted. Failure to breach the $620 resistance could lead to a pullback. Predicting a potential decline to the $580-$550 support zone if a breakout fails to materialize.

Important: DYOR before trading and investing.
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