$BNB /USDT – Bullish Breakout or More Downside? 🔥
📍 Current Price: $532.00 (-10.08%)
📉 Market Structure:
BNB faced a brutal sell-off, dropping over 10% and testing $520 support. Current bounce to $532 shows signs of temporary relief – but is it sustainable?
⚔️ Key Levels:
• Resistance: $540 / $552
• Support: $520 / $500
• Range Watch: $520–$540 (breakout zone forming)
📊 What to Watch:
• Bullish Scenario: A reclaim of $540 with volume could trigger a short-term bullish breakout toward $560–$580.
• Bearish Case: Failure to hold above $532 and breakdown below $520 = continuation to $500–$480 zone.
💡 Pro Tip:
Wait for candle confirmation and volume spike near $540 before going long. Otherwise, scalp shorts if rejection occurs under resistance.
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