$BNB /USDT BEARS GAIN CONTROL – EXPECT DOWNSIDE PRESSURE BELOW KEY LEVELS
Immediate Outlook:
The price action of $BNB/USDT shows clear signs of rejection near the 656.00 resistance, followed by lower highs and weakening bid momentum. The current sell pressure at 644.01 signals a bearish continuation, especially as price fails to hold above 646.00–648.00 intraday supports. This suggests a potential breakdown below 640.00, opening room for further downside.
🔻Trade Setup (Short):
Entry: 644.00
Target 1 (TP1): 636.00
Target 2 (TP2): 630.00
Stop Loss (SL): 650.50
Market Outlook:
BNB is struggling to maintain higher levels after a weak attempt at breaking 656.00. With sellers actively defending the 650–656 range and buyers thinning below 644, we anticipate bearish momentum to extend, especially if volume picks up below 640. A break under 636 would confirm downside control in the short term.
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