$BNB /USDT TECHNICAL ANALYSIS: BEARS SHOWING THEIR CLAWS AS BNB BREAKS CRUCIAL SUPPORT ZONE
Current Price: $652.29
Change: -0.47%
Time of Analysis: 16:13 (latest price update)
$BNB /USDT is showing bearish momentum in the short term after failing to sustain above the key resistance zone near $664–$665. The recent breakdown below $655 signals growing selling pressure, and the price is now testing lower support levels.
Key Levels
Immediate Resistance: $658 – $664
Major Resistance Zone: $672 – $680
Immediate Support: $650
Strong Support: $642 – $646
Trade Setup (Short Entry)
Entry: $652 – $655 (on any pullback or rejection from $655 zone)
Stop Loss (SL): $665 (above the resistance rejection level)
Take Profit (TP):
TP1: $646
TP2: $642
TP3 (aggressive): $638
Market Outlook
With volume decreasing and lower highs forming, bears are slowly gaining control. A close below $650 could open doors toward $640 and even lower. Unless bulls reclaim $664+, short-term trend remains bearish. RSI and momentum indicators also point toward downside continuation.
Risk Management
Use 1–2% of your capital per trade. Stick to the stop loss and adjust your position size according to your risk appetite. Avoid over-leveraging in this choppy zone.
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