$BNB Short Signal Alert 🚨
Current Price: 567.4 USDT
📉 $BNB has broken down from the rising wedge pattern and is trading below the key 100 EMA. This confirms strong bearish momentum.
Analysis:
Rising Wedge Breakdown: Price broke below the support trendline of the wedge, signaling potential downside.Bearish Momentum: Price is currently hugging the lower bands of the Keltner Channel, indicating strong bearish pressure.Resistance Levels: Price failed to reclaim the 575.2 USDT level, which acted as a strong resistance after the breakdown.
Next Targets:
Immediate Support: 563 USDTFurther Downside Target: 554 USDT (Previous support zone)
Short signal🔻:
Entry: Short at market price (567.4 USDT)
Stop Loss: Above 575.2 USDT (strong resistance level)
Take Profit Targets:TP1: 563 USDTTP2: 554 USDT
💡 Tip: Watch for a potential retest of the breakdown level (around 575 USDT) for better entry. Strong momentum could drive further down.
Trade safely and manage your risk accordingly! 🚨