Here is your professional Binance Square style technical analysis post for the provided BNB/USDT chart:
🚨 $BNB BEARISH REVERSAL – SELLERS TAKING OVER AFTER PEAK!
$BNB has shown weakness after hitting its recent high at $651.86, now forming lower highs and indicating potential for further downside as sellers gain momentum.
📊 Explanation: Price faced rejection near $652 and has been trending downwards on the 1H chart. If it fails to reclaim $650 resistance, continuation to deeper supports is likely in the short term.
🎯 Trade Setup (Short Entry):
Entry Zone: $648.00 – $650.00 (upon rejection confirmation)
Targets (TP):
TP1: $646.30
TP2: $644.25
TP3: $640.00
Stop Loss (SL): $652.50 (above recent rejection wick)
🌐 Market Outlook: BNB is showing a potential short-term bearish reversal pattern. Watch for BTC’s movement to confirm continuation. Quick scalps are preferable in current market volatility.
⚠️ Risk Management: Always use SL. Risk 1-2% maximum per trade to maintain portfolio safety and avoid emotional trading.
💬 Comment "🩸" if you see BNB dropping further today!
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buy and trade here on $BNB