🚨 $BNB COLLAPSED TO $708.
Not long ago, $BNB was trading above $770. Now buyers are trying to hold the price around $720.
📉 What does the 4-hour chart show?
🔴 Price at $719.69 — below all three moving averages.
🔴 MACD is strengthening its bearish signal.
🟡 RSI is around 27 — the market is oversold, but that’s no guarantee of a reversal.
🎯 TWO SCENARIOS:
🟢 A move back above $730 would open the way to $742–752.
🔴 A break below $708 could accelerate the decline toward the psychological $700 level.
⚡ THE KEY POINT: a bounce is not a reversal. As long as $BNB is below $730, sellers remain in control.
Is $708 the last line of defense before $700?
#bnb #Binance #crypto #Trading
Not long ago, $BNB was trading above $770. Now buyers are trying to hold the price around $720.
📉 What does the 4-hour chart show?
🔴 Price at $719.69 — below all three moving averages.
🔴 MACD is strengthening its bearish signal.
🟡 RSI is around 27 — the market is oversold, but that’s no guarantee of a reversal.
🎯 TWO SCENARIOS:
🟢 A move back above $730 would open the way to $742–752.
🔴 A break below $708 could accelerate the decline toward the psychological $700 level.
⚡ THE KEY POINT: a bounce is not a reversal. As long as $BNB is below $730, sellers remain in control.
Is $708 the last line of defense before $700?
#bnb #Binance #crypto #Trading