$BNB /USDT Trade Setup 📉
Signal Type: Long (Scalp/Swing)
Risk Level: High (due to the strong bearish momentum shown in the 1h chart)
Key Levels to Watch
* Entry Zone: $595.00 – $BTC 610.00
* Take Profit 1: $645.00 (Immediate resistance)
* Take Profit 2: $680.00 (Previous consolidation zone)
* Stop Loss: Below $580.00 (Recent low support)
Technical Observations
* Trend: The chart shows a clear "lower highs and lower lows" pattern. It is currently in a heavy downtrend.
* Support: The price is testing a psychological support level around $600. If it holds here, we could see a "dead cat bounce" or a minor relief rally.
* Volume: There was a spike in volume during the recent sell-off, suggesting that while sellers are aggressive, buyers are starting to step in at these lower levels.
Quick Tips
Note: The performance stats at the bottom of your screen are quite red (30-day change is -32.90%).
This suggests the broader sentiment is bearish. Avoid "catching a falling knife" with a large position; instead, consider scaling in slowly.
