📈 $BNB /USDT Technical Analysis: Short-Term Trade Opportunity

🔍 Current Price: $616.66 (-2.26%)

BNB has shown bearish momentum recently, with price testing the $611 support level. The rejection near $634 indicates a potential continuation of the downtrend.

Key Indicators:

RSI: Hovering near oversold territory, signaling potential consolidation before the next move.

MACD: Bearish crossover confirms selling pressure.

EMA: Price remains below key EMAs, highlighting a short-term bearish trend.

Market Outlook:

A short trade opportunity exists if BNB breaks below the $611 support. Monitor closely for confirmation of breakdown or reversal signals.

🎯 Short Trade Targets:

1. Target 1: $602 (First key support zone)

2. Target 2: $589 (Previous local low)

3. Target 3: $572 (Major support level)

Stop-Loss: $626 (above immediate resistance).

💡 Strategy: Tight risk management is essential, as volatility may increase. Adjust positions based on market conditions.

This analysis is not financial advice. Always do your own research before trading.

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