$BNB USDT BEARISH MOVE: SELLERS TAKING CONTROL
$BNB USDT is currently trading at $658.25 (-0.39%) on the 1H chart. Price action shows a clear rejection from the recent highs near $664.57, with sellers pushing it down towards key intraday support.
🔑 Key Levels:
Resistance: $664.50 – $665.00 (strong supply zone)
Support: $654.50 – $655.00 (intraday demand)
TRADE SETUP (SHORT)
📉 Entry Zone: $659.00 – $661.00
🎯 Take Profits:
→ TP1: $656.00
→ TP2: $654.50
→ TP3: $652.00
❌ Stop Loss: $664.80 (above resistance rejection)
MARKET OUTLOOK
Momentum remains bearish as price continues making lower highs and lower lows on intraday structure. Breaking below $655 may accelerate further downside towards $650 psychological level. Monitor BTC's trend for correlation impact.
RISK MANAGEMENT
Risk max 1-2% per trade. Avoid over-leveraging in high volatility zones.
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