$BNB

/USDT Technical Analysis (Short Setup)

Chart Insight: BNB is showing bearish momentum after rejecting the key resistance zone near $633.60. Price broke below a key horizontal support zone (purple box), which is now acting as resistance. The current candle formation and volume drop signal strong selling pressure.

Trade Momentum:

🔻 Bearish (Short Setup)

This setup favors a short entry due to the breakdown from the support-turned-resistance zone and lower highs formation.

🔹 Entry: $628 – $627

🔹 Stop Loss: $633.61 (Above recent swing high/resistance)

🎯 Targets:

Target 1: $624.00

Target 2: $622.66

Target 3: $620.00 (extended)

Summary:

A short trade setup is in play as BNB breaks down from a consolidation zone. If bearish momentum continues, the price is likely to hit the mentioned targets. Use strict risk management.

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