$BNB – Potential Breakdown Scenario
Trade Plan:
🔻Short Entry Zone: If BNB breaks below $557 with a strong bearish candle, consider a short entry.
Target: $545.95, aligning with the lower support level.
Stop-Loss: Place at $561 to protect against a sudden reversal.
Trend: Bearish
Key Levels:
Resistance: $559 (recent high and potential barrier for recovery)Support: $545.95 (lower support level from Mean Reversion Channel)
$BNB remains in a downtrend on the 15-minute chart, with price oscillating near the midline of the Mean Reversion Channel, suggesting consolidation within a bearish structure. The Parabolic shows dots above the price, indicating a continuation of the bearish momentum.
BNB’s position near the lower band suggests the possibility of support around $545.95.
Bearish bias with dots above the price, further supporting downside potential.
⚠️ Note: Watch for any bullish reactions at the $545.95 support level, as it may lead to a potential bounce. Maintain strict risk management given the volatility within the channel boundaries.
