🚨 $BNB /USDT Short-Term Trade Analysis 🚨
🔍 Technical Overview:
Current Price: $655.74
24h High/Low: $664.17 / $645.16
Volume: $281.30M
Indicators such as EMA and Bollinger Bands suggest a consolidation phase with potential for volatility. The RSI is approaching overbought levels, indicating a possible retracement. MACD shows weakening momentum on the bullish side.
📉 Market Outlook:
BNB is showing resistance near $660 and support around $645. A breakdown below $645 could trigger further downside.
🎯 Short Trade Strategy:
Entry Point: $652 (if support breaks).
Target 1: $645
Target 2: $635
Target 3: $620
Stop Loss: $662
⚠️ Risk Management:
Ensure proper position sizing and adhere to the stop loss. Monitor macro market trends and BTC movements for correlated price actions.
This is not financial advice. Always do your own research before trading.
