๐ด $BNB /USDT
๐ Price: $888.83
๐ป -5.04% in 24h
24h High: $941.06 | Low: $887.21
BNB's bleeding out in this risk-off dumpโslicing below the descending channel and MA60 ($895.53) with conviction. Broader altcoin fear (Fear & Greed ~28) + BTC's flatline is crushing liquidity, and volume's spiking on the downside (162K BNB traded) screams distribution. MACD's bearish crossover + RSI dipping to 37 (nearing oversold but no bounce yet) = classic short setup.
Key levels:
- Invalidates above $900 (MA50 reclaim)
- Targets: $860 (200-day MA support), then $800 retest if breaks
- Stop: Tight above $895
Your play?
๐ฉธ Short now, trail stops
๐ก๏ธ Wait for $860 bounce
๐ Full bear mode
