🔻 $BNB /USDT – Bearish Rejection at Resistance Zone! 🚨
$BNB is showing signs of weakness after retesting a key supply zone. Price is reacting sharply from resistance, forming a potential lower high setup for a short continuation.
📊 Market Structure:
Trend remains bearish with consistent lower highs
Price rejected from strong supply area
Support-turned-resistance now being respected
🧠 Key Technical Insights:
Clean rejection off the $637–$638 supply zone
Bearish engulfing candle confirms resistance strength
Potential for continuation toward next demand zone
🎯 Trade Setup (Short):
Entry Zone: $631–$632
Target 1: $622.00
Target 2: $618.00
Target 3: $615.00
Stop Loss: $637.60
✅ Pro Tip:
Wait for a lower timeframe confirmation (like bearish engulfing or break of minor structure) before entering for higher probability.
⚠️ BNB facing clear supply pressure — stay alert for short setups! 📉🧠
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