$BNB is currently in a corrective phase after failing to sustain momentum above the 700+ resistance zone.
Price has pulled back into the mid-range and is now testing key support around the 660 area, where buyers previously stepped in.
Overall structure still reflects a broader uptrend, but short-term pressure is clearly bearish.
Pair
$BNB USDT
Market Bias Neutral to Bearish (short-term correction inside higher timeframe uptrend)
Price is sitting at support after losing momentum from recent highs.
Entry Zone
650 - 662
Stop Loss
640
Take Profit 1
690
Take Profit 2
710
Reasoning
• Strong rejection from 701–750 zone confirms overhead supply
• Price is now retesting previous support around 660, a key decision area
• EMA structure is flattening, showing loss of bullish momentum
• If 660 breaks, next liquidity likely sits near 650 and below
• Reclaim above 680 would shift structure back toward bullish continuation
Risk Note
Not financial advice. Manage your risk properly before entering any trade.
#BNB #cryptotrading #BinanceSquare