LFG $BNB ANALYSIS š
BNBUSDT is signaling a potential bearish move after a trendline breakout, with a Change of Character (CHoCH) pointing to a shift in market direction. Key levels to keep an eye on:
Support: $566, $563
Resistance: $587, $590
š RSI sits at a neutral 50.49, and the formation of a lower high, alongside the descending trendline, adds to the bearish sentiment.
Trade ideas:
š Short-term: Look for sell opportunities targeting $563 & $558.
š Long-term: Buy the dips, with targets at $600 & $620.
š Bearish Sentiment: 60%
š Bullish Sentiment: 40%
$BNB #DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #Write2Earn!
