Trend Structure

The chart clearly shows:

  • A downtrend, followed by

  • A rounded bottom/accumulation phase

  • Then a strong breakout rally with a bullish flag pattern

  • Recently, we see strong rejection candles (red) after making lower highs

This indicates momentum weakening, with support retest now possible.

🔻 Resistance
~660–670
Previous major breakdown area; current rally failed here

🔸 Local Support
~600–605
Price bounced multiple times here (current area)

🔻 Strong Support
~550–560
Former consolidation zone + base of the breakout

Chart Pattern Forming

There’s a double top / lower high rejection forming at around 660. This can turn into a bearish swing setup

Trade Setup – Bearish Reversal (Only if breakdown confirms)

Entry: Below 660 daily close (confirming breakdown of support)

Stop Loss: Above 700,

Target 600 support

Target 560– if 600 breaks

$BNB

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