$BNB USDT BEARISH MOVE – BREAKDOWN RETEST UNDERWAY!
Binance Coin ($BNB ) is showing clear signs of weakness after rejecting resistance near $651.10. Price is currently retesting the breakdown zone around $648.83, indicating a high-probability short setup if sellers maintain control.
🔑 Key Levels:
Current Price: $648.83
Resistance: $651.10
Immediate Support: $644.86
Major Support / Target Zone: $644.86
💼 Trade Setup (Short Entry):
Entry Zone: $648.50 – $649.00 (current retest zone)
Targets (TP):
TP1: $646.50
TP2: $644.86
Stop Loss (SL): $651.10 (above resistance)
📊 Market Outlook:
BNB’s structure indicates a failed breakout with a strong bearish engulfing candle. As long as price remains below $651, sellers are likely to push towards $644 in the coming sessions.
⚠️ Risk Management:
Always trade with a clear SL and risk only 1-2% of your capital to protect your portfolio against unexpected reversals.
💬 Comment 🔻 if you expect BNB to break below $645 soon!
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