$BNB /USDT BEARISH MOMENTUM TRIGGERED AFTER SHARP SELL-OFF CANDLE
$BNB /USDT has just broken down sharply from the $685–$690 zone, confirming heavy selling pressure. The recent 1H candle shows an aggressive drop from local highs near $690 to a low near $652 before slightly recovering to $668. This confirms a bearish engulfing pattern and signals a potential continuation to the downside if momentum holds.
Trade Setup (Short):
Entry: $668 – $670
Take Profit: $655 / $645
Stop Loss: $680
Market Outlook:
BNB faced a strong rejection from its resistance near $690, and the market is showing weakness with a strong bearish candle engulfing prior gains. Unless it reclaims $680+, more downside can be expected. Caution advised on long positions in the short term.
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