$BNB $BNB The $BNB /USDT pair is currently trading at $596.9, down 2.37% in the past 24 hours. The overall trend appears to be bearish, with the price forming lower highs and lower lows. However, there are signs of potential support and a potential entry signal for a short-term swing trade.

Support and Resistance:

Immediate Support: $594.1 (24-hour low)

Strong Support: $565.8 (recent swing low)

Immediate Resistance: $612.2 (24-hour high)

Strong Resistance: $614.6 (recent swing high)

Entry Signal:

A potential entry signal for a short-term swing trade could be a bearish candlestick pattern, such as a bearish engulfing pattern, forming at the $612.2 resistance level. Additionally, a break below the $594.1 support level could confirm a bearish trend and provide a better entry point.

Risk Management:

As with any trade, it's important to implement proper risk management techniques. Use stop-loss orders to limit potential losses and take-profit orders to secure profits.#BinanceBlockchainWeek #USJobOpeningsDip #BTCBreak71K #USADPSurges #Write2Earn!