$BNB

USDT BEARISH REVERSAL SETUP – STRONG REJECTION EXPECTED FROM RESISTANCE

🔴 Analysis:

$BNB is currently trading at $650.40, testing a strong resistance zone between $656.91 – $659.06. Price shows signs of rejection from this key level, suggesting a potential bearish reversal.

📊 Key Levels:

Resistance: $656.91 – $659.06

Support: $642.09, $621.07, and deeper at $613.13

Current Price: $650.40

📉 Trade Setup (Short):

Entry: $656 – $659 (upon clear rejection)

Target 1: $642

Target 2: $621

Stop Loss: Above $660

🌐 Market Outlook:

BNB is approaching overbought conditions on this timeframe with strong supply at the resistance zone. If sellers defend this area firmly, a pullback towards $621 support is highly probable.

⚠️ Risk Management:

Always use stop loss to manage risk effectively. Do not risk more than 1-2% of your capital per trade to ensure account protection against unexpected volatility.

💬 Comment 🔻 if you see this rejection coming!

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buy and trade here on $BNB