$BNB /USDT TECHNICAL ANALYSIS – BINANCE TRADE SETUP

Status: RANGE-BOUND WITH BEARISH BIAS

Current Price: $649.32

24H Range: $640.11 – $659.00

24H Change: -0.09%

Volume (BNB): 177,097.71

Volume (USDT): 115.57M

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🔍 Market Outlook:

$BNB /USDT is currently trading in a tight range between $640 and $660, showing signs of exhaustion after recent gains. The price is hovering near key resistance, and the lack of strong bullish volume suggests potential for a short-term pullback.

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📉 Bearish Trade Setup (Short-Term Rejection Play):

🔹 Entry Zone: $652 – $656

🔸 Take Profit Targets:

T1: $640

T2: $625

T3: $610

🛑 Stop Loss: $664

📌 Key Resistance Level: $660

📌 Key Support Zone: $640

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📊 Technical Summary:

BNB is failing to break the $660 resistance and is showing signs of bearish divergence on lower timeframes. A rejection from the $652–$656 zone can trigger a move back toward $640 and below, especially if Bitcoin remains weak.

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⚠️ Note: Wait for a weak candle near the resistance zone to confirm the setup. Avoid over-leveraging, and monitor BTC price action for broader market correlation.

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