BNB Price Alert! Time to Trade or Fade the Drop?
$BNB /USDT just hit $823.62 (-3.57%)!
24h High: $869.40 | 24h Vol: 512,657 BNB
Why is BNB dumping? Key Reasons:
- Strong rejection at $869 resistance → Sellers in control.
- Next major support at $805.16 (last weekly low).
- If this breaks, $782 could be the target (March 2025 swing level).
Trade Setup Ideas:
✅ SHORT opportunities if price stays below $839.21 (4H resistance).
✅ LONG dip-buy only if $805 holds with strong volume reversal.
⚠️ Watch BTC movement—if Bitcoin dumps further, BNB could follow.
Pro Tip: Use 10% stop-loss on trades! This volatility can liquidate reckless positions fast.