📌 Technical analysis and trade setup for BNB/USDT
Coin $BNB is trading around $654–$658, under heavy pressure amid a broader correction in the cryptocurrency market.
The price broke through important interim support in the $675–$680 zone and is testing the lower boundary of the medium-term consolidation range, approaching the key buyer defense level near $650.
Resistance: $675.00–$680.00 (former support, now a seller zone)
Support: $648.00–$655.00 (critical buyer defense zone)
💡 Trading scenario 🔻 Trend-following short
Rationale:
A corrective price return to the breached level, followed by a resumption of the downward move.
Entry zone: $672.00–$680.00
Stop-Loss: $692.50 (4H candle close above this level)
Take-Profit 1: $650.00
Take-Profit 2: $630.00
⚠️ Risk management:
Manage your risk.
Avoid excessive leverage amid heightened derivatives volatility.
#bnb #BinanceSquare #cryptotrading #TechnicalAnalysis #TradingSignals
Coin $BNB is trading around $654–$658, under heavy pressure amid a broader correction in the cryptocurrency market.
The price broke through important interim support in the $675–$680 zone and is testing the lower boundary of the medium-term consolidation range, approaching the key buyer defense level near $650.
Resistance: $675.00–$680.00 (former support, now a seller zone)
Support: $648.00–$655.00 (critical buyer defense zone)
💡 Trading scenario 🔻 Trend-following short
Rationale:
A corrective price return to the breached level, followed by a resumption of the downward move.
Entry zone: $672.00–$680.00
Stop-Loss: $692.50 (4H candle close above this level)
Take-Profit 1: $650.00
Take-Profit 2: $630.00
⚠️ Risk management:
Manage your risk.
Avoid excessive leverage amid heightened derivatives volatility.
#bnb #BinanceSquare #cryptotrading #TechnicalAnalysis #TradingSignals