BNBUSD Under Downward Pressure : Key Levels to Watch
#BNBUSDT #BNBUSD #bnbusdtshort #Write2Earn!
Currently, BNBUSD is facing overall downward pressure on the 4-hour timeframe. Prices are attempting to stabilize above the **585.4** level, and a successful hold here could push prices toward the supply zone between **605.8** and **619.1**. However, for a confirmed uptrend, the price needs to break above this supply zone.
On the downside, if BNBUSD falls below **585.4**, a further decline toward the demand zone between **571.8** and **565.5** is likely. A confirmed downtrend would require prices to break below this demand zone.
Key Levels :
- **Supply Zone**: 605.8 â 619.1
- **Demand Zone**: 571.8 â 565.5
- **Current Range**: Fluctuating between supply and demand zones.
Conclusion & Advice :
The market shows uncertainty with downward pressure dominating. Traders should watch for breakouts on either side of the range to determine the future trend. Keep an eye on key support and resistance levels to confirm direction, and manage risk appropriately. Always ensure to DYOR (Do Your Own Research) before entering a trade.
