Sell Trading Signal on USDT ($BNB) 🚦 🛑
Bearish Retracement - Sharp Decline Near Supply Zone!
The price of $BNB has hit strong resistance near the $650.78 level, where it faced repeated rejections after a sharp move in the ascending channel. A clear breakdown from the ascending wedge pattern is now forming, with sellers entering and the price sliding below the mid-range. Momentum is weakening, and the price is entering a short-term corrective phase.
Trading Setup (Short Sell):
Entry Price: $647 - $650
Target 1: $640
Target 2: $635
Stop Loss: $653
Market Outlook:
Trading volume is contracting after the breakout peak, indicating fading bullish pressure. As long as the price of $BNB remains below the $651 area, a continued decline towards the $635 support level is likely. Be cautious of upward traps above the resistance level.
Don’t let this vertical breakout pass you by - a smart entry now could lead to a sudden exit!
It’s your time - ride the bullish wave before it fades away.