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$BNB It’s currently around 592.99 USDT. Over the past 24 hours, the fluctuation is approximately -1.95%.
I’m more concerned about whether there’s a chance to place a trade from this level.
In the short term, I still lean bullish.
I’ll watch these signals first:
First, after a pullback, see whether the support/consolidation holds, and whether the active buy orders don’t show any obvious back-off.
Next, check whether the order book doesn’t show a continuous wave of sell-offs; in the short term, it looks more like consolidation rather than turning weak.
Also, near the key support, volume is shrinking, which indicates that the selling pressure isn’t as heavy as you might imagine.
For this kind of level, I usually handle it according to this rhythm: after support is confirmed, buy on the dip in line with the trend.
The entry level I’ll keep an eye on: 588.25 USDT.
First, watch this target level: 623.83 USDT.
Stop-loss reference: 574.01 USDT.
If the price doesn’t reach the level, it’s better to keep waiting rather than force the move.