🔥 $BNB

USDT BEARISH BREAKDOWN – WILL BULLS SURVIVE THIS SELL-OFF?

$BNB is currently trading at $647.34 (-0.85%), showing a strong bearish momentum on the 15m chart. After failing to hold above the key resistance near $660, price has broken down with heavy selling pressure and is now approaching its intraday support at $646.14. The sharp red candle indicates dominant sellers with no immediate reversal confirmation.

🔻 Key Levels:

Resistance: $652 – $660

Support: $646.14 (immediate), further downside below this level could extend towards $640

Current Price: $647.34

💥 Trade Setup (Short):

Entry: $648 – $650

Take Profit 1: $645

Take Profit 2: $640

Stop Loss: $653

📊 Market Outlook: The trend remains bearish on lower timeframes as sellers maintain control. A break and close below $646 will add to the bearish bias, targeting deeper supports. Bulls need to reclaim $652+ for any potential recovery.

⚠️ Risk Management:

Risk only 1-2% of your capital per trade

Wait for candle confirmations before entry

Always respect your SL to preserve capital during volatile moves

🚀 Stay disciplined and follow your strategy – consistency builds long-term profitability.

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