*
$BNB USD CM BEARISH SETUP ALERT! 📉💥*
Hey traders! 👋 Let's dive into the technical analysis of the
$BNB $BNB USD CM chart. 📊
*Current Price:* 766.93 💸
*Trend:* Bearish 📉
The chart is showing a clear downward trend, with the price having dropped significantly from its recent peak. The 4-hour chart is indicating a strong bearish momentum, with the price currently trading below the MA(7), MA(25), and MA(99). 📊
*Key Levels:*
- *Support:* 760.56 (recent low) 🛡️
- *Resistance:* 806.22 (recent high) 🚫
*Trade Setup:*
- *Short Entry:* 770.00 (wait for a retest of the broken support) 📈
- *TP (Targets):*
- TP1: 750.00 🎯
- TP2: 740.00 🎯
- *SL (Stop Loss):* 790.00 ❗️
*Risk Management:*
- Always use proper risk management techniques, such as setting stop-losses and position sizing. 📝
- Risk no more than 2-3% of your account balance per trade. 💰
The bearish trend is expected to continue, and a short trade setup is available with a clear entry, targets, and stop-loss. Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Stay alert and adjust your strategy accordingly! 📊👍
*Disclaimer:* Trading cryptocurrencies involves significant risks, and you may lose some or all of your investment. Always do your own research and consult with a financial advisor before making any investment decisions.
#ETHBreaks3700 #BTRPreTGE #BNBBreaksATH #StrategyBTCPurchase #CryptoMarket4T