$BNB Strong rejection faced... broke below major support
Increased bearish pressure after breaking $615
Trade setup (short)
Entry: 612 – 615
Stop loss: 622
Take profit: 600 – 590
BNB has clearly rejected from the resistance zone at $629 followed by a strong downward move, leading to a break below major support at $615. This break confirms short-term weakness as sellers remain in control, pushing the price toward lower levels with strong momentum.
As long as the price stays below $615, the bearish trend remains intact. Any slight retracement towards resistance can be seen as an opportunity to enter a short position, while a clean drop below $610 may accelerate selling towards the $600 area. Keep risk management in check and wait for confirmations in this volatile movement.
#ArthurHayes’LatestSpeech #OpenAIReportedlyWorkingonanAISmartphone #BitMineIncreasesEthereumStaking #LayerZeroBacksDeFiUnitedWithOver10000ETH #Binance
Increased bearish pressure after breaking $615
Trade setup (short)
Entry: 612 – 615
Stop loss: 622
Take profit: 600 – 590
BNB has clearly rejected from the resistance zone at $629 followed by a strong downward move, leading to a break below major support at $615. This break confirms short-term weakness as sellers remain in control, pushing the price toward lower levels with strong momentum.
As long as the price stays below $615, the bearish trend remains intact. Any slight retracement towards resistance can be seen as an opportunity to enter a short position, while a clean drop below $610 may accelerate selling towards the $600 area. Keep risk management in check and wait for confirmations in this volatile movement.
#ArthurHayes’LatestSpeech #OpenAIReportedlyWorkingonanAISmartphone #BitMineIncreasesEthereumStaking #LayerZeroBacksDeFiUnitedWithOver10000ETH #Binance