$BNB USDT BEARISH SETUP IN PLAY — REJECTION CONFIRMED AT RESISTANCE! 🔻
$BNB has broken its ascending channel and is now rejecting off the 642.7 resistance zone. A fakeout and rejection pattern suggests a potential sharp reversal. Sellers are eyeing the imbalance below.
🔴 Short Trade Signal
Entry Zone: 638 – 642
Take Profit 1: 628
Take Profit 2: 621
Stop Loss: 643.5
📉 Market Outlook:
The price action shows weakness after a parabolic move. A key resistance rejection and break of upward momentum indicate the bulls are losing steam. If 634 breaks, a strong drop toward the 620s is expected. Momentum is shifting bearish with a potential liquidity grab above.