$BNB / USDT – SHORT TRADE SETUP!
Current Price: $651.38
-1.73% | Bearish Signs Near Resistance
BNB is showing signs of weakness as price is below the 7 & 25 MA, and struggling to break above the $656 resistance level. The recent lower high and rejection near $664 suggest sellers are gaining control.
📉 Short Trade Setup:
Entry Zone: $652 – $656
Take Profit 1 (TP1): $634.50
Take Profit 2 (TP2): $620.00
Stop Loss (SL): $660.00
📌 Key Levels:
Resistance: $656 – $664
Support: $645 – $634
24H Range: $645.04 – $693.00
📊 Market Insight:
Bearish momentum is confirmed with price below key moving averages (MA7 & MA25) and a lower high formation. A break below $645 could accelerate the downtrend.
💡 Pro Tip:
Wait for a 15m or 1h candle close below $650 to confirm entry for short. Use tight stops to manage risk in this volatile range.
