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USDT BEARISH BREAKDOWN ā BULLS LOSING GRIP!
Current Price: $659.73
Key Levels:
Resistance: $662 ā $664 (strong supply zone rejecting price repeatedly)
Support: $650 (next major demand zone as per the marked target)
Trade Setup (Short):
Entry: $660 ā $661 (current retest zone)
Targets:
TP1: $655
TP2: $650 (final target as per extended breakdown arrow)
Stop Loss: $664.50 (above resistance zone for protection)
Market Outlook: BNB is showing clear weakness after multiple failed attempts to break above the resistance cluster. The chart structure indicates bearish continuation towards $650 if price fails to reclaim $662 convincingly.
Risk Management: Keep position sizing small relative to account equity. Maintain SL discipline to protect capital during high volatility phases.
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