$BNB /USDT Update: Key Level Breakdown in Progress
BNB is currently trading around 602.62 USDT on the 15m timeframe, showing clear short-term bearish momentum after rejecting near the 624–625 resistance zone.
Technical Analysis:
Resistance Levels:
612–615 (intraday rejection zone)
620–624 (strong supply area, recent swing high)
Support Levels:
597–600 (psychological and immediate support)
588–590 (next major demand zone if 600 breaks)
Price action shows a sharp bearish leg down from 624 to sub-600, followed by a weak bounce. The structure on lower timeframe is forming lower highs and lower lows, indicating short-term bearish control.
Although RSI and MACD are not directly visible, the strong red candles and momentum drop suggest RSI likely dipped into oversold territory before a minor relief bounce. This bounce looks corrective rather than a trend reversal. Moving averages (short-term) would likely be sloping downward, confirming bearish pressure.
Market Sentiment:
Short-term sentiment is Bearish. Buyers attempted a recovery near 600, lekin abhi tak strong bullish confirmation nahi mila. Until price reclaims 612 with strength, bears remain in control.
Strategy:
Conservative Approach: Wait
Aggressive Traders: Trade on confirmation only
Short idea: Rejection near 610–612 with tight stop above 615.
Long idea: Only if BNB reclaims 612 and holds above it with volume.
If 600 breaks with strong volume, downside toward 588–590 is possible.
Right now, patience is key. Structure clear hone ka wait karna better hai instead of catching a falling knife.
What do you think — will BNB defend 600 support or is a deeper correction coming?
Not Financial Advice (NFA). Always manage your risk.
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