The $BNB /USDT pair is currently in a sideways trend, with the price fluctuating around the $628.81 level. The chart is displaying a consolidation phase after a recent uptrend, with the price trading within a defined range.

Key Support and Resistance Levels

Strong Support: $563.00 (recent swing low)

Immediate Support: $610.00 (24-hour low)

Immediate Resistance: $667.40 (24-hour high)

Strong Resistance: $672.62 (psychological level)

Entry Signal

Potential Long Entry: A breakout above the $667.40 resistance level could signal a resumption of the uptrend. A buy order could be placed above this level with a stop-loss below the recent swing low.

Potential Short Entry: A breakdown below the $610.00 support level could indicate a bearish reversal. A sell order could be placed below this level with a stop-loss above the recent swing high.

Trading Strategy

Long Position: Buy BNB/USDT above $667.40 with a stop-loss below $563.00 and a take-profit target of $672.62.

Short Position: Sell BNB/USDT below $610.00 with a stop-loss above $667.40 and a take-profit target of $563.00. #WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Devcon2024 #Write2Earn!