š» $BNB/USDT - PERFECT SHORT TRADE ENTRY OPPORTUNITY!! š„šÆ
$BNB is consistently forming lower highs and has just broken below a crucial intraday support area, currently trading around $577.19. The downtrend remains strong, and momentum favors the bears! š
Trade Setup: š ļø
* Entry: $578ā$580 š°
* Take Profit (TP): $570 ā / $564 šÆ
* Stop Loss (SL): $585 š
Outlook: š
With significant selling pressure and no indications of a reversal, this setup is ideal for short sellers looking to capitalize on the next downward move. Keep a close watch on the $576 level ā a break below it could accelerate the decline. š
Risk Management: š”ļø
Use a tight stop-loss and consider taking partial profits near $570. Trail your stop-loss as the price moves in your favor to protect your gains.