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BNB Faces Bearish Pressure as Key Support Levels Tested Amid Market Volatility
BNB Faces Bearish Pressure as Key Support Levels Tested Amid Market Volatility
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[TRADE_PLUGIN]BNBUSDT,BNBUSDT[/TRADE_PLUGIN]
BNB News -
BNB is currently trading around $738, showing mixed signals on both daily and hourly charts. Traders are closely watching short-term support zones for potential breakdowns or rebounds.
A recent short trade between $830.6 and $845.47 proved highly successful, delivering a 158.18% return on investment. The trade structure - featuring staggered profit targets and tight stop-loss placement - showcased effective risk management during volatile market conditions.
Price action has maintained a steady downward trend since July 29, with few bullish interruptions. The breakdown below initial support at $798.94 accelerated downward momentum, pushing BNB toward the mid-$740 range.
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