$BNB Mean Reversion Setup - Rejection in Play?
đ„ Price at Key Support! đ„
On the 5-minute chart of $BNB USDT, we are observing a possible mean reversion setup as the price tests the lower band of the channel.
The price has rejected the middle band and is now touching the lower channel support around $546.2.This level could act as a pivot for a bounce, but if broken, we may see a continuation of the downtrend towards lower levels.
đĄ Watch for Confirmation:
Look for either a reversal sign or a clear break below the channel. Momentum is still bearish, but any divergence or uptick in volume could signal a potential reversal from this point.
đ Check Multi-Timeframe Trends:
With this setup, itâs essential to check the broader trend (1H or 4H charts) to confirm if this bounce will hold or if further downside is likely.
