### **š BNB Price Analysis: Key Levels & Strategy**
#### **š Current Situation:**
- **BNB Price:** Consolidating near **$600-$602** (above 100-hourly SMA).
- **Key Support:** **$595-$598** (must hold for bullish continuation).
- **Key Resistance:** **$610-$611** (breakout could trigger rally to $620+).
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### **š Bullish Scenario:**
ā **If BNB holds $600 support & breaks $610:**
- Target 1: **$620** (short-term).
- Target 2: **$635-$650** (strong breakout).
ā **Rising Channel Support:**
- Bouncing from **$600** (channel support) could signal uptrend resumption.
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### **š Bearish Scenario:**
ā ļø **If BNB loses $598 support:**
- Next support: **$592** ā **$585** ā **$580**.
- Drop below **$580** may trigger deeper correction.
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### **š Trading Strategy:**
1ļøā£ **Long Entry:**
- Buy above **$606** (with confirmation).
- Stop-loss: **Below $598**.
- Take-profit: **$620 ā $635**.
2ļøā£ **Short Entry (if bearish):**
- Sell if **$598 breaks**.
- Target: **$585-$580**.