$BNB
š Market Overview
Current Price: $656.80
24h Range: $647.58 (Low) ā $664.24 (High)
Trend: Short-term pullback after a local top around $664
Order Book Sentiment:
Buy Orders: 35.90%
Sell Orders: 64.10% ā Bearish Bias
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š Technical Analysis (30M Chart)
1. Double Top Formation near $664
2. Lower Highs forming ā indicating short-term weakness
3. Support Zone: Around $655 (if broken, could dip toward $650)
4. Resistance Zone: $660ā$664 (strong supply zone)
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š® Trading Plan
ā ļø For Short-Term Futures Traders:
Scenario 1: Short Entry
Entry: $657ā$658 (current zone if candle closes below $656)
Target 1: $652
Target 2: $648
Stop-Loss: $661
Risk Level: Moderate
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Scenario 2: Long Entry (Bounce Play)
Entry: Around $652ā$653 if price shows strong bullish candle
Target: $660
Stop-Loss: $648
Risk Level: Conservative (only if reversal signs appear)
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š Mid-Term Observation
If BNB breaks above $664 with strong volume ā Possible breakout to $670+
If fails to hold $650 ā May test $640ā$645 range
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š Recommendation
> Watch price action around $655 closely.
If it holds, potential bounce.
If breaks with volume, consider shorting with stop-loss above recent highs.