📉 POTENTIAL SHORT WITH $BNB – BEARISH TREND STILL DOMINANT
From my observations, $BNB is currently maintaining a clear bearish structure by continuously forming lower highs and lower lows on the short-term timeframe. This indicates that the bears are still in control of the market and the pullback pressure shows no signs of ending.
🎯 Trading plan:
🔹 Entry zone: 685 – 690
🛑 Stop Loss (SL): 705
💰 Take Profit:
• TP1: 675
• TP2: 660
• TP3: 640
📊 Market outlook:
As long as the price remains trading below the important resistance zone of 705 USD, the current bearish trend is intact. The price's continuous failures to recover indicate that the buying power is not strong enough to reverse the trend.
Traders should watch for price reactions around the 685 – 690 zone. If there are signs of rejection to the upside or confirmation of the continuation of the bearish trend, this could be an opportunity to jump in with a favorable risk/reward ratio.
⚠️ Note: Always manage your capital tightly and adhere to your stop-loss points. The crypto market is highly volatile and there are no scenarios that guarantee 100% success.
From my observations, $BNB is currently maintaining a clear bearish structure by continuously forming lower highs and lower lows on the short-term timeframe. This indicates that the bears are still in control of the market and the pullback pressure shows no signs of ending.
🎯 Trading plan:
🔹 Entry zone: 685 – 690
🛑 Stop Loss (SL): 705
💰 Take Profit:
• TP1: 675
• TP2: 660
• TP3: 640
📊 Market outlook:
As long as the price remains trading below the important resistance zone of 705 USD, the current bearish trend is intact. The price's continuous failures to recover indicate that the buying power is not strong enough to reverse the trend.
Traders should watch for price reactions around the 685 – 690 zone. If there are signs of rejection to the upside or confirmation of the continuation of the bearish trend, this could be an opportunity to jump in with a favorable risk/reward ratio.
⚠️ Note: Always manage your capital tightly and adhere to your stop-loss points. The crypto market is highly volatile and there are no scenarios that guarantee 100% success.