Short Technical Analysis for BNB/USD

- Current Price: Approximately 608.07 USDT.

- Resistance: 609.25 USDT, with potential to reach 620 USDT if the bullish momentum continues.

- Support 599.60 USDT; if broken, the price could drop to around 590 USDT.

Trading Strategies:

- Bullish Strategy:

- Entry: Consider entering on a pullback within the 600-605 USDT range when clear bullish signals appear, or after the resistance is broken and retested as support.

-Stop-loss:Set around 595 USDT.

- Target:Aim for an initial target between 609 and 620 USDT.

- Bearish Strategy:

- Entry: Look to enter if the support at 599.60 USDT is broken and confirmed by bearish patterns.

- Stop-loss:Place above 605 USDT.

- Target:Target around 590 USDT.$BNB

Note:#Risk management is key. Always monitor trading volume and other technical indicators to confirm market trends.#bnb #