BNB is showing weakness after repeated rejections and a break below short-term moving averages. Price action indicates selling pressure, and the recent structure suggests continuation to the downside.
🔹 Entry: 841.825
🔹 Target: 784.770
🔹 Stop Loss: 870.281
The risk-to-reward ratio looks favorable, with sellers gaining momentum as long as price remains below resistance. A breakdown from the current consolidation zone may accelerate bearish momentum toward the target zone.
⚠️ This is a short-term bearish trade idea based on technicals. Always manage risk and adjust positions as per market conditions.
🔹 Entry: 841.825
🔹 Target: 784.770
🔹 Stop Loss: 870.281
The risk-to-reward ratio looks favorable, with sellers gaining momentum as long as price remains below resistance. A breakdown from the current consolidation zone may accelerate bearish momentum toward the target zone.
⚠️ This is a short-term bearish trade idea based on technicals. Always manage risk and adjust positions as per market conditions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.