📊 $BNB (Daily Timeframe)
BNB is attempting a relief bounce after a sharp sell-off, but the structure remains bearish unless key resistance is reclaimed.
* Resistance: $600–620 (trendline + previous support turned resistance). This is the key rejection zone.
* Support: Around $540–550, with your projected target near $520–525 if sellers regain control.
* Outlook: A rejection from the $600–620 area would favor another leg lower. Bulls need a decisive breakout and close above the trendline to shift momentum back in their favor.
Bias: Short-term bearish while below $620; watch for rejection before expecting continuation lower.
BNB is attempting a relief bounce after a sharp sell-off, but the structure remains bearish unless key resistance is reclaimed.
* Resistance: $600–620 (trendline + previous support turned resistance). This is the key rejection zone.
* Support: Around $540–550, with your projected target near $520–525 if sellers regain control.
* Outlook: A rejection from the $600–620 area would favor another leg lower. Bulls need a decisive breakout and close above the trendline to shift momentum back in their favor.
Bias: Short-term bearish while below $620; watch for rejection before expecting continuation lower.