**BNB/USDT Trading Update: Key Levels and Entry Strategy**
BNB is currently trading at **$601.1**, having bounced back slightly after hitting resistance at **$616**. The chart shows short-term bearish momentum, with recent red candles signaling a pullback. However, strong long-term growth (+185% over the past year) highlights BNBâs resilience.
For traders, **support** lies around **$596.8**, a key level to watch for potential price consolidation. **Resistance** remains at **$616**, where recent rejection occurred. If BNB sustains above support, it could offer an ideal **buying opportunity** before the next bullish leg.
**Entry strategy**: Consider entering near the **$596-601** range if the price shows signs of stabilization. Watch for a MACD crossover and increased volume to confirm bullish reversal. Manage risk by placing stop-losses below support to minimize downside exposure.
