$BNB Analysis Key Levels to Monitor! 📉

📊 Trade Setup

Entry: Look for a rejection near the $620 level for a short setup, or wait for a reversal signal if price breaks down below $615.Stop Loss (SL): For longs, set SL below $610; for shorts, place SL above $625.

Take Profit (TP) Targets:

TP1: $608.33

TP2: $596.70

BNB is in a pullback phase, suggesting a possible continuation of the recent move. Here's what to watch for in your next trade setup! 👇

Resistance: $645.35

Support: $596.70

📌 Indicators & Analysis:

Heikin Ashi Candles: Showing bearish momentum; confirm with a solid red candle close for entry.

Price Action: BNB recently tested the upper band and is now trending lower, indicating a pullback or trend reversal.

Stochastic RSI: Oscillator is nearing oversold levels, watch for a cross above 20 for a potential long entry if conditions align.

Price is near the lower end of the channel, suggesting that further downside may be limited unless it breaks this support.

👉 My Final Thoughts: BNB's price action is teetering around key levels. Be cautious and follow confirmation signals closely to capture the next strong move. #BNBAnalysis