🔴 $BNB USDT BEARISH MOMENTUM ANALYSIS – WAIT FOR THE BREAKDOWN OR RETEST?
The market is showing consistent lower highs with strong bearish candles, indicating sellers are in clear control. An open limit sell order is placed at 314.0, aiming for a breakdown continuation.
📊 Key Levels:
Resistance: 314.0 (open limit order)
Support: 311.4 (recent low)
Current Price: 311.7
💡 Trade Setup (Short):
Entry Zone: 314.0 (limit sell)
Take Profit: 311.0 and 309.5 for extended targets
Stop Loss: 315.5 (above recent swing high)
📝 Market Outlook: Price is trading below both the 25 MA and 99 MA, showing strong bearish sentiment with momentum declining gradually. Watch for a potential retest of 314.0 before continuation downwards.
⚠️ Risk Management: Use 1-2% of wallet per trade with proper stop loss to protect capital against sudden reversals.
💭 Are you trading with proper levels or just hoping for luck?
💬 Comment 🛑 "SHORT" if you agree with this setup and want more clear analysis daily!