BNB, the native token of the Binance ecosystem, has been in a bearish trend since April 2023, when it reached an all-time high of $704.6. Since then, the price has declined by more than 69%, reaching a low of $203.4 on September 20, 2023. The price has been trading between $210 and $215 on average, facing strong resistance from a descending trendline that has been capping the recoveries.

However, there are some signs of a potential reversal in the near future. BNB coin price shows a falling wedge pattern breakout as it bounces back from $200. A falling wedge is a bullish reversal pattern that indicates a decrease in selling pressure and a possible trend change. The breakout occurred on September 21, 2023, with a strong volume surge and a close above the trendline.

If BNB can sustain this momentum, it may soon breach $230, which is the next major resistance level and the 23.6% Fibonacci retracement level of the downward move from $350 to $200. A successful break above $230 could confirm the reversal and open the doors for more gains towards $250, which is the target of the falling wedge pattern and the 38.2% Fibonacci retracement level. The price may retest the broken trendline before continuing its rally.

On the other hand, if BNB fails to clear $230, it may resume its downtrend and revisit the $200 support zone. A break below this level could invalidate the bullish scenario and trigger more losses towards $180, which is the 78.6% Fibonacci retracement level of the upward move from $25 to $704.6.

The weekly timeframe readings are still decisively bearish for BNB, as the price is below the 50-week and 100-week moving averages, and the MACD and RSI are both in negative territory. However, the daily timeframe shows some improvement, as the price is above the 20-day and 50-day moving averages, and the MACD and RSI are both in positive territory. The RSI is also forming a bullish divergence with the price, indicating a weakening of the bearish momentum.

Therefore, BNB price may have a chance to reverse its downtrend if it can break above $230 and hold above it. The falling wedge pattern breakout suggests that BNB could reach $250 in the coming weeks, which would be a significant recovery from its recent lows. However, if BNB drops below $200 again, it may face further downside pressure and lose its bullish momentum.

As for good points to enter BNB/USDT trades, here are some possible scenarios:

- If BNB breaks above $230 with high volume and closes above it on the daily chart, it may be a good point to enter a long position with a target of $250 and a stop-loss below $220.

- If BNB retests the broken trendline around $215-$220 and bounces back with high volume, it may be another good point to enter a long position with a target of $250 and a stop-loss below $200.

- If BNB fails to break above $230 or falls below $200 with high volume and closes below it on the daily chart, it may be a good point to enter a short position with a target of $180 and a stop-loss above $210.