📉 $BINAN saw a sharp drop of 29% – confirmation of a bearish breakdown in the market
📍 Entry zone: 0.5145 🔥
🎯 Target: 0.4800 🚀
🛑 Stop loss: 0.5450 ⚠️
This 29% drop wasn’t just a minor correction; it appears to be a Distribution pattern in the market.
Trading volume clearly increased during the sell-off wave, while the buy side has shown little to no strength so far. In addition, the technical structure on the 1-hour timeframe (1H) shows consecutive lower highs, with bearish momentum continuing.
If the 0.5145 zone turns into resistance, the path toward 0.4800 may become clearer, with ongoing selling pressure and more sellers entering.
❓Where should you place the stop loss in such a scenario?
⚠️ This is analysis and a personal opinion, not investment advice. Risk management is always essential.
#BINA #Crypto #Breakdow
📍 Entry zone: 0.5145 🔥
🎯 Target: 0.4800 🚀
🛑 Stop loss: 0.5450 ⚠️
This 29% drop wasn’t just a minor correction; it appears to be a Distribution pattern in the market.
Trading volume clearly increased during the sell-off wave, while the buy side has shown little to no strength so far. In addition, the technical structure on the 1-hour timeframe (1H) shows consecutive lower highs, with bearish momentum continuing.
If the 0.5145 zone turns into resistance, the path toward 0.4800 may become clearer, with ongoing selling pressure and more sellers entering.
❓Where should you place the stop loss in such a scenario?
⚠️ This is analysis and a personal opinion, not investment advice. Risk management is always essential.
#BINA #Crypto #Breakdow