$BNB Under Heavy Selling Pressure – Bears Maintain Control
BNB is displaying a strong bearish pattern on the 15-minute chart, consistently forming lower highs and lower lows while breaking through key support levels under aggressive selling. The drop to 821.79 marks a fresh low, and momentum continues to favor the downside.
Trade Plan – Short Setup
Ideal Entry: 823–825 on a minor pullback after the drop
Stop Loss: 832 above the last minor resistance
Target 1: 815 – recent support zone
Target 2: 808 – next major support
Risk-Reward: Around 1:2 if aiming for Target 2
Reasoning
This is a continuation of the downtrend after failing to hold above 834. Consecutive red candles highlight strong selling pressure, with no bullish reversal signals such as a hammer or engulfing pattern. Until a clear reversal emerges, sellers retain the upper hand.
Probability of Profit
High, around 70%, provided Bitcoin and the broader market remain weak. A sharp BTC rebound could pose risks to short positions, so overall sentiment should be monitored closely.
