$BNB #BNB‬ #BNB/USDT

Trading Strategy:
Long Positions:
Entry Point: Around the current price of $585 - $590 if it shows strong support.
Targets:
First target: $622 - $629.
Second target: $648 - $711 if bullish momentum continues.

Stop-Loss: Below $585, ideally around $575 to limit downside risk.

Short Positions:
Entry Point: If the price fails to break above the $622 - $629 resistance level.

Targets:
First target: $585 - $590.
Second target: $548 if bearish momentum strengthens.
Stop-Loss: Above $630 to limit losses if the price moves against the position.

Summary:

Bullish Indicators: The long-term trend remains bullish as the price is above the 200-day SMA and the cloud.

Neutral/Bearish Indicators: Short-term signals like MACD and Stochastic RSI suggest possible bearish or neutral momentum. The price is currently testing key support levels.

Key Levels to Watch: $622 - $629 resistance and $585 - $590 support.

As always, it's essential to stay updated with market news and adjust strategies accordingly.

Insights for your consideration, not financial advice.

$BTC is the King.