$BNB - SHORT Setup:

Entry: 610.00 – 625.00

Stop Loss: 662.50

Targets: 585.00 / 560.00 / 535.00

Why this trade?

The daily chart shows a clean breakdown of the $822 support. We are currently seeing high selling pressure as the price hugs the lower boundary of the descending channel. With the psychological $600 level under fire, the path toward the historical support zone between $530 – $560 looks wide open.

Question to watch: Are we entering a "capitulation phase," or will the $560 zone provide enough liquidity for a massive spring back?

Trade smart, manage risk.

#BNB #CryptoTrading #MarketAnalysis #Binance