BNB Technical Setup: Bears Still Have the Edge?
BNB is currently trading around 573.68, slightly below the recommended short entry zone, which suggests sellers are still in control.
Trade Setup
Position: Short (14x)
Entry: 582.65 – 575
Stop Loss: 586.5
Take Profit: 568.85
Why is this setup?
BNB failed to sustain higher levels and is showing signs of bearish momentum. The resistance zone around 582–586 has repeatedly attracted selling pressure, while the target near 568.85 aligns with the next important support area.
The risk-to-reward also looks reasonable because the stop loss is kept tight above resistance. If the price remains below 586.5, bears may continue pushing toward the target. However, a breakout above the stop-loss level would invalidate the short setup and could trigger a bullish reversal.
As always, manage your risk carefully and never rely on leverage without a clear trading plan.
What do you think—will BNB hit 568.85 first, or will buyers reclaim 586.5?
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