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$BNB Range Consolidation Under 200 EMA Favors Sellers

Trade Setup: Short

Entry Zone: 573 – 578

TP1: 565

TP2: 555

TP3: 540

SL: 586

Price remains below the 200 EMA (585.10) and continues to struggle beneath a key resistance zone. Recent price action has formed a weak consolidation after a broader downtrend, suggesting sellers are defending rallies rather than buyers building strength. Unless BNB reclaims the EMA and holds above resistance, momentum favors another move toward lower support levels

#BTC technical outlook weakens #SpaceX IPO launch #BTC near cycle support level

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