$BNB $BNB recently dropped from $840 to $750, causing significant sell-offs and liquidation wicks around $773, indicating short-term seller fatigue. Although there is a bounce towards EMA resistance, the overall trend continues to be bearish—prices stay beneath EMA99 and are creating lower highs.
Bearish Setup: Enter short positions in the range of $790–805, aiming for targets at 770, 750, and 720. Limit loss at 825. Relief rallies continue to present excellent selling chances until BNB successfully reestablishes above EMA99 with significant volume.
Bullish Setup: For traders seeking a rebound, remaining above $770 might lead to targets at 815, 835, and 860, as mandatory liquidations create a brief upward opportunity.
The main point? BNB is in a struggle: corrective bounces might provide swift gains, yet the prevailing trend supports bears. Astute traders will watch EMA levels and volume carefully, taking advantage of relief rallies while adhering to trend structure.
Cost: $780
Support/Resistance: 770 / 805
Bias: Pessimistic with temporary recovery spikes
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