# FxWirePro- BNBUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/13335 Published: 2024-11-05T03:09:49.000Z Updated: 2024-11-05T03:09:49.000Z Section: Investing > The BNB/USD pair lost its shine and declined sharply due to profit booking.A closing price below $545 confirms further bearishness. Key Level to Monitor: $545 The BNB/USD pair lost its shine and declined sharply due to profit booking.A closing price below $545 confirms further bearishness. Currently, BNB/USD has declined by more than 10% and showed a minor pullback, with the momentum now bearish, prices staying below the 34 and 55 EMA on the 4-hour chart. If the pair closes below $545, potentially leads to further declines towards $540, $528, $500, and possibly down to $470. Immediate Resistance is at $585. A successful breakout above this resistance could suggest bullish momentum, with further gains possible towards $600/$615/$647 or even $700, should it surpass $725. Indicators (4-Hour Chart) - Directional Movement Index: Bearish - CCI (50): Bearish Trading Strategy Consider buying on dips around $550, with a stop-loss set at $528 and a target price of $585/$600. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)