Technical Analysis — Bears Defend EMA20 as Price Approaches Breakdown Zone

The recent recovery in Binance Coin (BNB) has stalled at the 20-day EMA ($894) — a clear signal that bears remain active and are aggressively defending higher levels. This repeated rejection confirms that short-term sentiment remains negative and sellers continue to control the market structure.
BNB is now trading precariously close to the Nov. 21 swing low at $790, an important support level. If bears manage to push the price below $790 with a decisive daily close, it could trigger the next leg of the broader downtrend. In this case, the BNB/USDT pair may slide toward the next major downside target at $730, where buyers may attempt to slow the decline.
However, if BNB rebounds strongly from the $790 zone and successfully breaks above the 20-day EMA, it would signal that bulls are actively accumulating at lower levels. A confirmed breakout above $894 could open the doors for a relief rally toward the 50-day SMA ($999) — a region where bears are expected to re-establish selling pressure. A rejection from the SMA50 may cap the upside unless buyers show unusually strong conviction.
Market structure remains fragile, and price action around the $790–$894 zone will determine BNB’s next directional move.
📌 Trading Plan (Buy / Sell Levels)
🔴 SELL Setup (Trend Continuation — Bearish Bias)
Sell Entry: $880 – $900 (EMA20 rejection zone)
Stop-Loss: Above $940
Take-Profit 1: $810
Take-Profit 2: $790
Take-Profit 3: $730 (major target)
This setup follows the dominant bearish momentum and provides a clean continuation trade.
🟢 BUY Setup (Bounce or Breakout Play)
Option A — Bounce from Key Support
Buy Entry: $795 – $815
Stop-Loss: $760
Take-Profit 1: $880
Take-Profit 2: $894 (EMA20 retest)
Take-Profit 3: $950 – $999 (SMA50 zone)
This is a safer reversal-style setup but requires strong confirmation on the bounce.
Option B — Breakout Above EMA20
Buy Entry: Break & close above $900
Stop-Loss: $860
Take-Profit 1: $950
Take-Profit 2: $999
Take-Profit 3: $1,080 (extended target if momentum builds)
This setup captures early trend reversal potential.
📈 Summary
Bears are defending $894 (EMA20) with strength.
Breakdown below $790 → likely continuation toward $730.
Bullish recovery only valid if BNB reclaims $894 and holds above it.
Watch for strong volatility near the $790 support zone.
As always, wait for confirmation and manage risk carefully.
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