Market Analysis: BNB/USDT
đ Current Price: 614.50 USDT (-2.18%)
đ Trend: Marked decline on the 15-minute time frame.
Key Points:
1ïžâŁ Supports and Resistances:
Support: 611.53 USDT (24-hour low).
Resistance: 621.30 USDT (near MA(25)).
2ïžâŁ Moving Averages:
MA(7) and MA(25) confirm selling pressure.
The MA(99) remains above the price, reinforcing the downtrend.
3ïžâŁ Volume: A decrease in volume on the last candle, reflecting hesitation from traders.
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â ïž Strategy:
If the support of 611.53 USDT holds, a rebound could be expected for buyers.
In case of a break, watch out for a new fall towards lower levels (600 USDT).
đĄ Advice: Stay vigilant and wait for a clear signal before entering a position.