$BNB /USDT Acute Rejection of $810, Caution Advised
$BNB rose to a 24h high of $809.84, but quickly faced strong resistance and is now sharply retreating, currently trading around $778.06. This aggressive selling suggests profit-taking and a potential short-term correction.
Key Levels to Watch:
• Resistance: $810.00 – recent high
• Support Zone: $764.00 – $772.00
• Break Below: $755.00 may lead to a deeper decline
Trade Setup – Cautious Short
• Entry: $782 – $788 (on a slight bounce)
• Stop Loss: Above $795
• Target 1: $768
• Target 2: $755
• Final Target: $742
Risk management is crucial. Only sell with confirmation of a lower high or continuation of the breakdown. If BNB recovers above $795, the trend may reverse to bullish again.
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Trade here on $BNB