The $BNB /USDT market is showing signs of a potential recovery, trading around $582.3 USDT on the 15-minute chart. The price recently dipped to a low of $579.8 USDT, but has since rebounded, indicating possible short-term bullish momentum.
Key resistance lies at $596.5 USDT, a breakout above which could signal a further upward movement. On the downside, $579.8 USDT serves as crucial support.
Traders should watch for a breakout beyond $585.0 USDT for a potential long position. Profit-taking targets can be set at $588.0 USDT, $592.0 USDT, and $596.5 USDT, with a stop-loss placed slightly below $579.0 USDT to manage risk.
The MACD and RSI are both showing signs of recovery, hinting at potential strength in the near term.
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