$BNB Breakdown Confirmed — Short Setup for Next Leg Down 💣
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📉 Short Setup
• 🔽 Entry: $671.00
• 🎯 Take Profit (TP): $652.00
• 🛡️ Stop Loss (SL): $683.00
• ⚡ Leverage: 10x
• ⚖️ Risk Level: Medium
• 🔁 Type: Short
• 🧠 Strategy: Breakdown from distribution top + MA rejection
Trade right now —> $BNB
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Chart Analysis:
BNB failed to hold $690 resistance and has formed a rounded top at $697.98. The 4H candle structure shows lower highs + breakdown of MA(25) with increasing bearish volume.
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Bearish Signals:
• 📉 Price lost support at MA(25) and is now under MA(7)
• 🕯️ Long wicks near $690–$698 show heavy sell pressure
• 📊 Volume increasing on red candles = exit liquidity
• ⛓️ MA(99) is next major support zone ($663–$659)
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Scenario Expectation:
BNB is likely to revisit the $654–$652 area, where it previously consolidated. If the 4H MA(99) breaks, it opens a deeper flush.