BNB idea—I’m seeing 600 on the long-term wave.



From the 690 high point, it has been continuously moving downward; overall, the market is in a downtrend dominated by bears. The moving averages are spreading downward, and the short-term bearish trend has not reversed. Don’t chase longs on rebounds; under resistance, follow the trend to short. If it stabilizes, then consider going long again. If there’s a breakdown, use a strict stop loss. Don’t blindly try to bottom-fish in a downtrend.

It’s recommended to short lightly on rebounds if it can’t break above the 646–648 range, with targets at 636→634. If it breaks below 634, then long…
BNB1.46%
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BaiYanyan
· 18h ago
BNB idea, I see 600 on the long-term wave

Continuously declining from the high point of 690, overall in a bearish dominant downtrend, moving averages are diverging downward, the short-term bearish trend has not reversed. Do not chase longs on rebounds, follow the trend to short; wait for stabilization to go long, strictly stop-loss on breakdown, do not blindly bottom fish in a downtrend.

It is recommended to short on rebounds when resistance is around 646–648 and not broken, with a light position, targeting 636→634. If it breaks below 634, long
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