🔻 $BNT USDT – Bears Take Control with Support Breakdown!
$BNT Failed to regain the main resistance near 0.5854, confirming the bearish momentum with lower highs and ongoing downward pressure.
Key Levels:
🔹 Support: 0.5808 (Lowest Level in 24 Hours)
🔹 Resistance: 0.5907 – 0.5950 Supply Zone
🔹 Current Price: 0.5826
💥 Trade Setup (Short):
Entry Zone: 0.5820 – 0.5850
Take Profit Targets:
🎯 TP1: 0.5780
🎯 TP2: 0.5735
🎯 TP3: 0.5700
Stop Loss: 0.5910 (Above the Rejection Zone)
📈 Market Outlook:
Strong bearish structure with rejection wicks at resistance and local support breakdown indicates that sellers are still in control. The trend is likely to continue if the price remains below 0.5850.
⚠️ Risk Management:
Always use a stop loss and monitor only 1-2% per trade. Discipline protects you when trades do not.
💬 Do you see more downside for $BNT or expect a rebound soon? Share your analysis below.#BNT