$BNB /USDT TECHNICAL ANALYSIS — NEAR-TERM BEARISH PRESSURE WITH SUPPORT AHEAD

Current Price: 798.38 USDT

24h High: 813.38

24h Low: 792.00

Key Levels:

Support: 792.00 (recent low and psychological support)

Resistance: 806.65 (EMA99) and 813.38 (24h high)

EMA Levels:

EMA7: 801.68 (price below EMA7, short-term bearish)

EMA25: 804.70 (above price, resistance)

EMA99: 806.65 (major resistance zone)

Technical Summary:

Price is currently below all major EMAs (7, 25, 99), indicating short-term bearish pressure.

Volume is high at 827.59 BNB traded, with 253.35M USDT volume, signaling active trading.

The price dip of -0.53% shows cautious market sentiment.

The next test will be the support at ~792.00, failure to hold could lead to further downside.

Watch for price action signals near support for potential reversal.

Trade Setup:

Short Entry: Below 795 with confirmation of breakdown

Stop Loss: Above 805 (above EMA25)

Take Profit Targets:

TP1: 785 (near recent support level)

TP2: 770 (next psychological support)

Alternatively, Long Entry: On strong bounce from 792 with tight SL

Risk Management:

Keep risk within 1-2% of capital per trade.

Use stop loss strictly to avoid large losses in volatile moves.

Adjust SL to breakeven once partial profits secured.

Summary:

$BNB/USDT shows signs of short-term bearish pressure with price below key EMAs. Traders should watch the 792 support closely for a possible bounce or breakdown. Risk management is crucial due to volatility around these levels.

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