$BNB shows bearish momentum with price trading below key moving averages. After dropping from 900 to 570 support, there's a minor bounce forming a consolidation pattern. Current resistance at 625-650 zone. Downtrend remains intact unless price breaks above trendline. Volume picking up suggests potential move incoming. Risk/reward favors cautious approach.
Targets:
TP1: 650 TP2: 680 TP3: 720
Stop Loss: 595 Note: Given the strong downtrend, consider taking partial profits at TP1. Watch for breakdown below 600 which could retest 570 support.
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$BNB shows bearish momentum with price trading below key moving averages. After dropping from 900 to 570 support, there's a minor bounce forming a consolidation pattern. Current resistance at 625-650 zone. Downtrend remains intact unless price breaks above trendline. Volume picking up suggests potential move incoming. Risk/reward favors cautious approach.
Targets:
TP1: 650
TP2: 680
TP3: 720
Stop Loss: 595
Note: Given the strong downtrend, consider taking partial profits at TP1. Watch for breakdown below 600 which could retest 570 support.