$BNB /USDT BEARISH REVERSAL ZONE REJECTED – SHORT TRADE SIGNAL ACTIVE
BNB is currently trading near $598.63 and has just faced a strong rejection from the $599.90 resistance zone. The price formed a double top pattern on the 15-minute timeframe, indicating a likely bearish move from this supply area. Sellers appear to be gaining control as bullish momentum weakens at the top.
Trade Setup:
Short Entry: $598.50 - $599.90
Take Profit (TP): $595.00
Stop Loss (SL): $600.50
Outlook:
BNB faces local resistance near $600 which has repeatedly acted as a ceiling for price. If momentum continues downward, a retest of $595 and below is highly probable. Risk management is key as volatility around this level remains high.#FOMCMeeting #USHouseMarketStructureDraft #BitcoinReserveDeadline #BinanceLaunchpoolSXT #USStablecoinBill $BNB
BNBUSDT
599.44
+0.15%
