$BNB $BNB The $BNB /USDT pair has been on a downward trend in recent days, with the price currently trading at $598.2. The Relative Strength Index (RSI) is currently below 50, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) is also below the signal line, suggesting a continuation of the bearish trend.
Support and Resistance Levels
Support: $580.5, $565.8
Resistance: $612.2, $614.6
Entry Signal
A potential entry signal could be a break below the $580.5 support level with increased volume. This could indicate a continuation of the bearish trend.
Trading Strategy
Traders could consider taking a short position on BNB/USDT with a stop-loss above the $612.2 resistance level and a take-profit target at the $565.8 support level. However, it is important to monitor the MACD for potential bullish signals.#BinanceBlockchainWeek #USADPSurges #USJobOpeningsDip #BTCBreak71K #Write2Earn!