$BNB /USDT short tread signal 🚦🔴
$BNB BEARISH PULLBACK – SELLERS REJECT BREAKOUT ABOVE $656!
BNB failed to hold above the $656.39 local high and is now showing strong bearish candles on the hourly chart. After tapping into the upper resistance zone, the price has dropped below the key average level (AVL 651.51), suggesting sellers are back in control.
Trade Setup (SHORT):
Entry Price: $651.00 – $653.00
Target 1: $646.00
Target 2: $642.50
Stop Loss: $656.80
Why Short?
The rejection wick from the $656.39 high followed by strong red candles confirms short-term distribution. Price is now below the average line, forming lower highs, with potential to retest the $646.00 support zone. If that breaks, $642.50 becomes likely.
Risk Management Tip:
Maintain your stop above $656.80. Look for confirmation on the next hourly close. If volume increases with price drop, ride the move lower — and trail your stop accordingly.
Don’t let this breakout trap catch you long — play the reversal, secure the downside!
Ride the trend down while momentum is strong — profits favor the disciplined!
Sell and Trade here on $BNB
buy and trade here on $BNB