$BNB – Testing Major Support, Bearish Momentum Dominating
Trading Plan: Short $BNB
Entry Zone: 556.60 – 562.00
Stop Loss (SL): 568.50
Take Profit (TP1): 540.50
Take Profit (TP2): 525.00
Take Profit (TP3): 500.00
Market Analysis:
The 4-hour chart clearly shows a strong bearish structure. Price is consistently trading below the MA(7), MA(25), and MA(99) lines, which are acting as dynamic resistance overhead. The recent attempt to bounce was quickly rejected near the $564 level, forming a lower high. While the price is currently holding just above the recent local low of $540.50, the overall volume and trend indicate that sellers remain in full control. If the current minor support fails, expect a rapid continuation downward toward deeper liquidity zones.
Trade $BNB here 👇
Trading Plan: Short $BNB
Entry Zone: 556.60 – 562.00
Stop Loss (SL): 568.50
Take Profit (TP1): 540.50
Take Profit (TP2): 525.00
Take Profit (TP3): 500.00
Market Analysis:
The 4-hour chart clearly shows a strong bearish structure. Price is consistently trading below the MA(7), MA(25), and MA(99) lines, which are acting as dynamic resistance overhead. The recent attempt to bounce was quickly rejected near the $564 level, forming a lower high. While the price is currently holding just above the recent local low of $540.50, the overall volume and trend indicate that sellers remain in full control. If the current minor support fails, expect a rapid continuation downward toward deeper liquidity zones.
Trade $BNB here 👇