$BNB BEARISH BREAKDOWN CONTINUES: NEXT LEG DOWN IMMINENT
Trade Setup
• Direction: Short (Sell)
• Entry Zone: $612 – $618 (current range / minor bounce area)
• Take Profits: TP1: $590 (near-term support / liquidity grab) TP2: $570 (major swing low from chart) TP3: $530 (extended target if momentum accelerates)
• Stop Loss: $630 (above recent high / invalidation level)
BNB is trapped in a relentless descending channel post its 2025 peak, with repeated failures at resistance and accelerating downside momentum. The recent rejection from $626 and hold below key EMAs signals sellers remain in full control—expect a fresh breakdown toward lower liquidity zones as volume dries up on bounces.
Short Market Outlook Momentum: Strongly bearish – oversold conditions exist but no reversal confirmation yet; MACD and moving averages align south. Trend: Downtrend intact within broad descending channel from $1,375 ATH. Important Levels: Resistance $630–$650 (stiff overhead), Support $570–$600 zone critical; break below $570 opens door to $500 region.
#bnb #USDT #Write2Earn #HarvardAddsETHExposure
