Support: $615 – A break below this level could lead to further declines, targeting $590 as the next crucial support.
Resistance: $658 – Bulls need to reclaim this level to signal any potential recovery.
Trade Setup:
Entry Point: Around $627 for short-term recovery opportunities.
Targets:
1. $658 (short-term resistance)
2. $700 (key recovery area)
Risk Management:
Stop Loss: $610 to mitigate downside risk.
Market Overview:
$BNB’s sharp decline reflects intense selling pressure, but support at $615 could provide a potential bounce opportunity. Traders should be cautious and look for signs of stabilization before entering any positions. Keep a close eye on volume for clues on the next major move.
#Write2Earn!
Disclaimer: Includes opinions of third parties. Not financial advice. May contain sponsored content. See terms and conditions.
BNB
624.2
-11.39%
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