Here is your technical analysis post for the provided BNB/USDT chart:
$BNB USDT BEARISH PRESSURE BUILDING ā SHORT OPPORTUNITY AHEAD
BNB is showing strong selling momentum after rejecting near $659 levels and forming lower highs on the 15m chart. Current price is $652.64, hovering just above the local support of $651. If bears maintain control below this zone, further downside is likely.
š TRADE SETUP (SHORT)
ā¢ Entry: 652 ā 654
ā¢ Targets: 649 / 645 / 640
ā¢ Stop Loss: 657
š” MARKET OUTLOOK:
BNB is under bearish pressure with consistent rejection wicks and lower highs forming. If it breaks below $651 support decisively, continuation towards the next major support at $640 is expected. However, a reclaim above $657 would invalidate this setup and shift momentum back to bulls.
ā ļø Risk Management:
Always use SL and manage position sizing to protect capital against sudden reversals.
#BNB #CryptoTrading #BearishSetup #BinanceAnalysis #ShortTrade
buy and trade here on $BNB
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