$BNB is showing continued weakness on the 1-hour timeframe as bearish pressure keeps the price below key resistance levels.
The current structure remains negative, with multiple moving averages positioned above the market and acting as resistance. RSI has dropped below 40, while momentum indicators continue to point lower, suggesting sellers still have the upper hand.
Trade Setup
📍 Entry: Around $565.09
🎯 Take Profit: $556.44
🛑 Stop Loss: $575.00
A break below nearby support could accelerate the move toward the target, while a recovery above the stop-loss level would invalidate this short-term bearish outlook. As always, wait for confirmation before entering a trade and manage risk accordingly.
#bnb
The current structure remains negative, with multiple moving averages positioned above the market and acting as resistance. RSI has dropped below 40, while momentum indicators continue to point lower, suggesting sellers still have the upper hand.
Trade Setup
📍 Entry: Around $565.09
🎯 Take Profit: $556.44
🛑 Stop Loss: $575.00
A break below nearby support could accelerate the move toward the target, while a recovery above the stop-loss level would invalidate this short-term bearish outlook. As always, wait for confirmation before entering a trade and manage risk accordingly.
#bnb