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$BNB Bears Still Control the Trend
$BNB continues to trade below key resistance, with both the 4H and 1H charts maintaining a bearish structure. Momentum remains weak, and buyers have yet to deliver a convincing breakout.
Trade Setup
📍 Entry: $580.41 – $581.99
🛑 Stop Loss: $585.34
Targets
🎯 $576.73
🎯 $570.79
🎯 $567.04
The strategy is simple: follow the trend, not emotions. Every rebound has been met with selling pressure, making short positions more favorable while the structure stays intact.
A strong close above $585.34 with increased volume would invalidate this setup. Until then, the bearish bias remains in play.
Do you think BNB will extend its decline, or is a reversal around the corner?
#BNB #Crypto #TechnicalAnalysis