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BNB idea—I’m seeing 600 on the long-term move.
From the 690 peak, it keeps trending downward. Overall, the market is in a downtrend dominated by shorts: the moving averages are diverging downward, and the short-term bearish trend has not reversed. Don’t chase longs on rebounds—short while it’s under pressure and follow the trend. Go long only after it stabilizes again; if it breaks, apply a strict stop loss. Don’t blindly bottom-fish in a downtrend.
If the rebound meets resistance and does not break through the 646–648 range, you may short with a light position size following the trend. Targets: 636→634. If it breaks below 634, then long