🚨 #BNB CardUSD BEARISH SETUP: SIDEWAYS CONSOLIDATION BREAKDOWN EXPECTED
Binance Coin is currently trading at $660.31, stuck within a tight range after an impulsive bullish move. However, price is facing strong resistance near $662 - $664, showing signs of exhaustion and potential for a downward correction.
🔑 Key Levels:
Resistance: $662.20 – $664.80
Support: $651.80 and $648.00
📉 Trade Setup (Short):
Entry: $660 – $662 zone
Targets (TP):
TP1: $651.80
TP2: $648.00 (if breakdown continues)
Stop Loss (SL): $664.50
📊 Market Outlook: BNB is currently forming lower highs within the range, indicating weakening buying momentum. A rejection from the resistance zone could trigger fresh bearish pressure towards support levels.
⚠️ Risk Management: Trade with a strict stop loss and manage leverage smartly. Risk only 1-2% of capital per trade to protect your account from unexpected market spikes.
buy and trade here on $BNB
💬 Do you see BNB breaking down soon? Share your view below 🔻