$BNB /USDT Analysis: Rebound Potential After Hitting Support
Current Price Overview
Price: $594.47 (-1.91%)
24h High: $606.96
24h Low: $587.26
Key Levels
Resistance: $599.14 and $603.42
Support: $590.57 and $587.26
Long Position Setup
Entry: Above $599.14
TP1: $603.42
TP2: $606.96
SL: $590.57
Short Position Setup
Entry: Below $590.57
TP1: $587.26
TP2: $586.28
SL: $599.14
Summary
BNB/USDT has shown signs of a potential rebound after touching the strong support level at $587.26. A move above $599.14 could trigger a bullish continuation, while a breakdown below $590.57 may lead to further declines. Proper risk management with stop-losses at key levels is recommended.