BNB/USDT Technical Analysis: Strong Bearish Momentum 📉
Looking at the current daily chart, BNB is clearly in a down-trend. The price is trading below all major Exponential Moving Averages (EMA 9, 21, 50), signaling strong bearish dominance in the market.
Based on the technical setup, here are two potential trading strategies:
Scenario 1:
Short Entry (Trend Following) 🔴
The safest approach is to trade with the trend. Look for a "sell on relief" if the price retraces slightly.
Entry Zone: 620 - 630 (Wait for a pullback)
Take Profit (TP): 572 (Recent Low) and 550
Stop Loss (SL): 665 (Above the previous candle high)
Scenario 2:
Long Entry (Aggressive/Counter-Trend) 🟢
If you anticipate a bounce from the 572 support level:
Entry Zone: Around 600 - 605
Take Profit (TP): 640 and 660
Stop Loss (SL): Below 570 (Strictly Mandatory)
⚠️ Risk Management:
Futures trading carries high risk. Ensure you use appropriate leverage (5x recommended) and never risk more than you can afford to lose. Always DYOR (Do Your Own Research).
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