🔻 $BNB /USDT – Short Trade Setup Forming at Trendline Rejection! 🚨
BNB is rejecting from the ascending trendline resistance after a strong attempt to break out. Price is stalling at a key supply zone, with signs of weakness emerging as candles begin to roll over.
📊 Market Structure:
Ascending trendline now acting as a resistance
Key supply zone rejecting price near $649
Support zone below at $644 is the next key level to watch
🧠 Key Technical Insights:
Bearish rejection candle printed at $648–$649
If price breaks the yellow zone and trendline, downside could accelerate
Clean risk-to-reward setup with major support target below
🎯 Trade Setup (Short):
Entry Zone: $647.50 – $648.00
Target 1: $646.00
Target 2: $644.00
Target 3: $639.00
Stop Loss: $649.30
✅ Pro Tip:
Watch for a strong bearish candle close below the trendline for confirmation. Don’t rush — let price confirm before executing.
⚠️ BNB showing signs of exhaustion — short setup could play out quickly if breakdown confirms! 📉🔥
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