$BNB /USDT BEARISH SETUP: STRONG REJECTION AT RESISTANCE, SHORT OPPORTUNITY AHEAD!
BNB/USDT has tapped into a key resistance zone near $609 and faced immediate rejection, forming a potential lower high on the 30m chart. The price is struggling to break above the previous highs, signaling a possible bearish reversal in the short term.
Trade Setup:
• Short Entry: $608.50 - $609.20
• Take Profit (TP): $603.00 / $600.50
• Stop Loss (SL): $610.20
Market Outlook:
BNB is showing short-term weakness after failing to sustain above $609. If the momentum confirms this rejection, a pullback toward the lower support zones around $603 and $600 is likely. Momentum traders can capitalize on this setup with proper risk control.
Risk Management:
Use 2-3% of capital per trade. Stick to stop-loss and don’t over-leverage.
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