$BNB is currently showing some bearish pressure on the 15m chart. After failing to hold the $615–$620 resistance zone, we are seeing a correction toward key support levels.
🔍 Key Technical Observations:
Current Price: $604.91
Moving Averages: The price is currently trading below the MA(7) ($606.17) and MA(25) ($612.86), indicating short-term bearish momentum.
Support Zone: Watch the $600 - $603 range closely. This is a psychological floor. If it breaks, we might see a slide toward the next major support at $595.
Resistance: To regain bullish control, BNB needs to reclaim and flip $612 (MA25) into support.
📈 Trading Strategy:
Bullish Scenario: Look for a "double bottom" or a strong rejection candle near $600. A bounce here could signal a move back to $615.
Bearish Scenario: If the 15m candle closes significantly below $603, expect a deeper retest of the $590–$595 zone.
Targets to Watch:
1️⃣ TP1: $612 (Short-term recovery)
2️⃣ TP2: $618 (Local resistance)
3️⃣ TP3: $625 (Trend continuation)
Stop Loss: Consider a tight SL around $598 to manage risk if the support fails.
⚠️ Disclaimer: This is personal analysis, not financial advice. Always DYOR (Do Your Own Research) before trading.
