$BNB /USDT

Bearish Signal Alert: Lower High Formation Signals Potential Downtrend


The Binance Coin (BNB) is flashing bearish signals after failing to reclaim the key resistance level at $650. Price action on the 4-hour chart shows multiple rejections below this level, particularly around $645–$647, where a lower high has formed.


Most recently, BNB printed a strong bearish candlestick, reinforcing the presence of selling pressure near $642. This technical setup suggests that momentum may be shifting in favor of the bears.

🔴 Short Trade Setup:$


  • Entry Zone: $642 – $645


  • Take Profit Targets: $632 and $625


  • Stop Loss: $652

📉 Market Outlook:

BNB is exhibiting signs of weakness, as the price continues to post lower highs and lower lows. The latest breakdown below $637 confirms a potential continuation of the downtrend, unless a breakout above $651 occurs with strong buying volume.$

As long as BNB remains below the $650 resistance, traders should remain cautious. Short positions within the specified entry zone offer favorable risk-reward setups given the current bearish market sentiment.

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