$BNB /USDT FAKEOUT ABOVE RESISTANCE – SHORT TRADE SIGNAL
BNB attempted a breakout above the key resistance at $600 but immediately faced rejection, trapping breakout buyers and confirming a fakeout pattern. The bearish engulfing candle signals strong seller momentum stepping in after the failed push.
Trade Setup:
Entry: $598.60
Take Profit (TP): $588.31
Stop Loss (SL): $602.90
Market Outlook:
This fakeout reflects bullish exhaustion and a likely pullback towards previous demand zones. Momentum favors short sellers targeting liquidity below recent swing lows.
Execution mode: Trap exposed. Ride it back down.