$BNB /USDT short trade signal 🚦 🛑
BEARISH SETUP – STRONG REJECTION FROM RESISTANCE ZONE!
Price action shows clear rejection from the resistance zone near $600, with multiple wicks failing to break through. The bearish engulfing formation signals downside momentum, hinting at a potential short-term drop as buyers lose control.
Trade Setup:
Entry (Short): $597.80
Take Profit (TP): $592.25
Stop Loss (SL): $600.30
Market Outlook:
$BNB is facing heavy selling pressure at the resistance band, and without a strong breakout above $600, price may slide towards the $592 level. Momentum favors bears unless volume spikes and price closes above resistance.
Pro Tip: Wait for confirmation on lower timeframes before entry to minimize risk exposure.
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buy and trade here on $BNB