$BNB Faces Rejection at $596.97 — Short Trade in Play
Recent Surge Rejected: Price failed to break above the $596.97 resistance, showing strong seller pressure.
Current Price: $594.23
24H High / Low: $596.97 / $587.73
24H Volume: Healthy movement suggesting active participation.
15-Min Chart Insight:
Price has repeatedly tested the upper resistance zone, forming a potential double-top structure. Momentum is weakening near the rejection area.
Short Trade Plan:
Entry Zone: $594.10 – $594.30
Final Target: $587.73
Stop Loss: $596.97
Why This Setup Makes Sense:
Strong resistance zone aligned with previous rejections, combined with bearish candlestick patterns, suggests a high-probability short setup.
Risk Strategy: Use tight stop-loss and consider trailing as price approaches support.
Take short Trade here on $BNB
