$BNB /USDT – BEARISH PULLBACK AFTER A STRONG SLOWDOWN – WATCH THE KEY SUPPORT 🟥
BNB rose from $812 to a peak of $1,083, but now shows a strong daily red candle at $991 (-5.5%). This indicates profit-taking after a prolonged run. The price is testing the previous breakout zone around $980–$1,000; maintaining this level is crucial for the bullish trend to resume.
🔹 Trade Setup – Short-Term Short Position (speculative)
Entry Zone: $995 – $1,010
Stop Loss: Above $1,050
Take Profit 1: $950
Take Profit 2: $918 (next horizontal support)
Aggressive traders may also wait for a bounce near $980 to re-enter long if bullish momentum returns.
🔹 Market Outlook
The main trend remains bullish since mid-August, but short-term momentum is now bearish as buyers cool off. A daily close above $1,050 would invalidate the pullback and reopen upside targets at $1,100+. A daily close below $980 would likely deepen the correction towards $918–$900.
#MarketPullback #MarketPullback #BNBBreaksATH #GoldHitsRecordHigh #BinanceHODLerBARD
buy and trade here at $BNB
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