$BNB /USDT – BEARISH CORRECTION IN PLAY, SUPPORT TEST AHEAD

$BNB /USDT is experiencing a sharp pullback, dropping nearly 10% to $629 after failing to sustain higher levels near $702. The chart shows strong bearish momentum, with price approaching key support around $570–$605. Unless buyers step in aggressively, further downside is likely as the market digests recent gains. Oversold conditions may lead to a short-term relief bounce, but the trend remains bearish until reclaims resistance above $652.

Trade Setup:

Position: Short

Entry: $645–$652 rejection or breakdown below $629

Targets (TP):

TP1: $605

TP2: $570

TP3: $550 (extended downside)

Stop Loss (SL): Above $652 (structure invalidation)

Market Outlook:

Short-term outlook is bearish, with volatility high as price approaches support. Relief rallies are possible, but caution is advised until a clear reversal pattern forms.

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