🚨 $BNB /USDT APPROACHING KEY LEVELS – NEXT BIG MOVE INCOMING! 🚨

$BNB /USDT is trading at 581.8 USDT, recovering from a recent low of 565.8 USDT. This level of 565.8 USDT has acted as strong support, while resistance lies at 598.0 USDT, where BNB has previously encountered selling pressure. The current consolidation suggests a buildup for a breakout or a possible retest of lower levels.

💡 Entry Strategy

💡Long Entry: If BNB breaks above 587.8 USDT, an entry around 590.0 USDT could be ideal. Target potential gains at 595.7 USDT, 598.0 USDT, and a higher target at 605.0 USDT. Place a stop loss at 575.0 USDT to manage risk.Short Entry: A rejection near 587.8 USDT or a break below 576.0 USDT could trigger a downside move.

Enter short around 575.0 USDT with targets at 570.0 USDT, 565.8 USDT, and a deeper target of 560.0 USDT. Use a stop loss at 585.0 USDT.BNB is positioned at a crucial juncture – monitor these support and resistance levels closely as the next confirmed move could set the trend for its short-term direction

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