BNB/USDT Quickfire Analysis – What’s Next?
BNB just bounced from the $587.50 support and is currently hovering around $602.01 after a dip from the recent high of $619.99. With the RSI levels hovering in the mid-zone (RSI 6: 47.53), we’re in neutral territory—neither oversold nor overbought. Momentum is building… but which way will it go?
Bullish Case:
If BNB can break back above $607, we could be heading toward $620+ again. A breakout above that? Next resistance is $621.62—watch that level!
Bearish Case:
Failing to hold $600 could drag BNB back down to retest $587 support. Break that, and we might see $585 or lower.
Profit Plan:
• Scalpers: Buy near $593–$595 and sell around $607 for quick gains.
• Swing Traders: Wait for a clean breakout above $620 for a potential longer bullish ride.
• Stop-loss: Below $587 to manage risk.
Engage with the market—what’s your move?
Are you buying the dip, or shorting the bounce? Drop your strategy below and let’s talk BNB gains!