š» $BNB
USDT BEARISH PRESSURE BUILDING ā WILL SUPPORT HOLD OR BREAK?
$BNBUSDT is currently trading at $659.37, showing slight weakness with price rejection from recent highs, suggesting bearish momentum might continue if support fails.
š Key Levels:
Support: $656.77 (24h low and key short-term demand zone)
Resistance: $662.60 (24h high and immediate rejection zone)
Current Price: $659.37
š Trade Setup:
Entry: Short below $658.00 confirmation
Take Profit (TP):
TP1: $655.00
TP2: $650.00
TP3: $645.00 (if bearish momentum strengthens)
Stop Loss (SL): $664.00 (above resistance zone)
š Market Outlook: Price is showing lower highs with repeated rejections near resistance, indicating sellers are active. A break below $656.77 could trigger further downside, whereas holding this support may result in a short-term bounce but overall structure remains weak.
ā ļø Risk Management: Always enter with defined SL, risking only 1-2% of your capital per trade to protect account equity. Avoid aggressive positions during choppy consolidations to maintain discipline.
buy and trade here on $BNB
Comment š» if you see more downside coming for BNB today!