$BNB BNB/USDT – Breakdown Alert: Bears Take Control
Current Price: $587.34 (-1.93%)
24H High/Low: $600.49 / $586.00
Market Outlook:
BNB has breached the critical $595 support, extending its downward trajectory on the 1H chart. Strong bearish candles dominate, with no signs of a bullish rebound.
Key Levels:
Resistance: $595 – $600
Support: $586 → $580
Short Setup:
Entry Zone: $586 – $588
Targets:
TP1: $580
TP2: $573
Stop Loss: Above $595
Pro Tip:
Monitor volume closely—if BNB breaks below $586 with conviction, expect an accelerated drop. Use a trailing stop-loss to secure gains as the move unfolds.
Bias: Bearish. Momentum is in favor of sellers—manage risk tightly and follow the trend.
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