$BNB A break below $720 support opens the door to a further decline! 📉
The price is at $731, and selling pressure is increasing as short-term momentum weakens. A 4-hour candle close below $720 could push the price toward lower support levels, despite the continued positive outlook on the weekly timeframe.
🔴 SHORT trade 📍 Entry: After a 4-hour close below $720 🎯 First target: $708 🎯 Second target: $687 🛑 Stop loss: $740
📊 Resistance: $740 | $748 | $753 🟢 Support: $720 | $708 | $687
⚠️ Don’t anticipate the breakout; wait for confirmation and stick to strict risk management, as a rebound above $720 could invalidate the bearish scenario.
#BNB #BinanceSquare #CryptoTrading
The price is at $731, and selling pressure is increasing as short-term momentum weakens. A 4-hour candle close below $720 could push the price toward lower support levels, despite the continued positive outlook on the weekly timeframe.
🔴 SHORT trade 📍 Entry: After a 4-hour close below $720 🎯 First target: $708 🎯 Second target: $687 🛑 Stop loss: $740
📊 Resistance: $740 | $748 | $753 🟢 Support: $720 | $708 | $687
⚠️ Don’t anticipate the breakout; wait for confirmation and stick to strict risk management, as a rebound above $720 could invalidate the bearish scenario.
#BNB #BinanceSquare #CryptoTrading