BNB/USDT Downward Trend Alert! šš
BNB/USDT is currently trading at 685.53, down 1.14% in the last 24 hours. The 4-hour chart shows a clear downward trend, with the price action making lower highs and lower lows. šš
Key levels to watch:
- Resistance: 708.00 (previous high)
- Support: 675.00 (current low)
Technical indicators:
- MACD: -2.20 (bearish crossover)
- MA(5): 85,396.33 (downward slope)
- MA(10): 102,792.67 (downward slope)
Trading strategy:
- Short position entry: 683.00 - 685.00
- Targets: 675.00, 665.00, 655.00
- Stop loss: 695.00
Risk management is crucial! š” Always set stop losses and take profits according to your risk tolerance. šš
