🚨 SMC Trading Signal: BNB/USDT 🚨

Direction: SHORT

📊 Market Overview:

Current Price: $505.3 (-0.94%)

24H High: $513.5

24H Low: $495.8

Volume (BNB): 339,614.75

Volume (USDT): 171.64M

🔍 Technical Indicators:

KDJ Indicators: K: 72.9, D: 74.5, J: 69.7

BNB is in the overbought zone, indicating potential for a pullback.

🕯️ Candlestick Analysis:

BNB has tested the $513.5 resistance and is now showing weakness, with a -0.94% decline. The support at $495.8 may be retested if the price continues to fall.

📉 Trading Plan:

Short Entry: Enter a short position around $505.3.

Target 1: $500.4

Target 2: $495.8

Stop Loss: Set a stop loss at $510.0 to protect against a breakout above resistance.

💡 Strategy: The indicators suggest a weakening of the bullish trend, with overbought conditions signaling a possible downward correction. The key level to watch is the support at $495.8, which, if broken, could lead to further decline.

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