$BNB Struggles at $600 – Will Bears Push It Lower?
Trade Setup (Short Bias Preferred)
📉 Short Entry: $600–$604
🎯 Take Profit Targets:
TP1: $595
TP2: $590
TP3: $585
🔻 Stop Loss: Above $606
Why This Trade?
✅ Bollinger Band Breakdown – BNB is trading below the middle band, indicating bearish momentum.
✅ Lower Highs Formation – Price struggling to reclaim $604 signals selling pressure.
✅ Potential Retest of Lower Band – Bears may push toward $595 or lower.
Key Levels to Watch
🔸 Break Below $595 = Drop to $590 Likely
Break Above $606 = Bullish Reversal Toward $612