$BNB
$BNB has ended with hefty selling pressure and the focus is on $680.Heavy selling pressure continued for $BNB on close with $680 in focus.
BNB has gone through a 1-hour period of dramatic downtrend from the stark opposite resistance zone at $740, but has yet to find its footing as it is around the $698 level.
It looks like it's a seller's market. Failure to recover the $700 level will likely lead to more downward movement to $690 and perhaps even $680.
🔻 SHORT TRADE SETUP
* Entry: $698–$703
* TP1: $690
* Final Target: $680
* Stop Loss: $715
The bear market run is on and pressure is likely to remain on as long as there is selling pressure and price remains below the critical area between $700 and $703.
Take care in trading and ensure proper management of risk.
Sell the rally. Watch the downside. 🔻
DYOR. NFA.
#bnb #Binance #BNB_Market_Update #BNB走势 #BNBLUNCPOOL b
$BNB has ended with hefty selling pressure and the focus is on $680.Heavy selling pressure continued for $BNB on close with $680 in focus.
BNB has gone through a 1-hour period of dramatic downtrend from the stark opposite resistance zone at $740, but has yet to find its footing as it is around the $698 level.
It looks like it's a seller's market. Failure to recover the $700 level will likely lead to more downward movement to $690 and perhaps even $680.
🔻 SHORT TRADE SETUP
* Entry: $698–$703
* TP1: $690
* Final Target: $680
* Stop Loss: $715
The bear market run is on and pressure is likely to remain on as long as there is selling pressure and price remains below the critical area between $700 and $703.
Take care in trading and ensure proper management of risk.
Sell the rally. Watch the downside. 🔻
DYOR. NFA.
#bnb #Binance #BNB_Market_Update #BNB走势 #BNBLUNCPOOL b
