$BNB USDT – Short Signal Setup 🚨
BNB is trading at $599.69, down -2.59%, with price trading below all key moving averages — confirming bearish momentum.
📉 Technical Outlook:
· MA(7): $605.45 (immediate resistance)
· MA(25): $609.70
· MA(99): $617.23
Price is firmly below the 7, 25, and 99 EMAs. All moving averages are in a descending order, indicating sustained selling pressure. Lower lows are forming.
🎯 Short Trade Setup:
📍 Entry Zone: $599.00 – $601.00
🎯 Take Profit Targets:
· TP1: $597.00 (recent low retest)
· TP2: $594.00
· TP3: $590.00 (next support zone)
🛑 Stop Loss: $606.00 (above MA(7) resistance)
📊 Additional Context:
· Today: -1.18%
· 7 Days: -8.32%
· 30 Days: -36.23%
· Bid-Ask: 600.23 / 600.24 — tight spread with selling pressure
· Long/Short Ratio: 27.49% Long / 72.49% Short — market heavily biased toward shorts
· Volume: Declining, buyers absent at higher levels
⚠️ Risk Note:
Strong bearish trend in play. Look for price to reject from $602–$605 zone or continue making lower lows. If $597 support breaks, TP2/TP3 become highly probable. If price reclaims MA(7) with volume, consider re-evaluating. Strict SL mandatory.
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