$BNB Mean Reversion Setup - Rejection in Play?

🔥 Price at Key Support! 🔥

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.

💡 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.

🔎 Check Multi-Timeframe Trends:
With this setup, it’s essential to check the broader trend (1H or 4H charts) to confirm if this bounce will hold or if further downside is likely.