$BNB

Current Price: $586.06 (-2.08%) LiteFinance +3

24H High/Low: $600.30/$585.67

Market Structure: $BNB has decisively broken below the critical support level at $595, initiating a bearish trend on the 1-hour chart. The price action is characterized by strong red candles and a lack of significant recovery attempts, indicating sustained selling pressure.

Key Levels:

Resistance: $595 $600 Price Predictions +6

Support: $586 → $580

Short Trade Setup:

Entry Zone: $586-$588

Take Profit (TP):

TP1: $580

TP2: $573

Stop Loss (SL): Above $595

Pro Tip: Monitor for increased volume accompanying the next bearish candle. A clean break below $586 could accelerate the downward movement. Consider using a trailing stop loss declines. ire profits as the prices decline.

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