$BNB /USDT DOWNTREND TRADE SIGNAL
Current Price: $771.48
Short-term downtrend has started after rejection near $780. The price is forming lower highs with selling pressure increasing on the 5-minute chart.
Key Levels:
Resistance: $775, $780
Support: $770, $765, $760
Trade Setup:
Sell/Short Entry: Between $771 – $773
Stop Loss: $775 (to protect against reversal)
Target 1: $765
Target 2: $760
Target 3: $755
Market Insight:
BNB is struggling to stay above $772. A clear break below $770 may accelerate the downtrend. Keep watch for a potential bounce near the support zones.
Risk Reminder: Use strict stop loss to manage risk in case of sudden reversals.