🔴 $BNB /USDT: Critical Rejection at Resistance – Bearish Reversal Ahead?

📉 Market Shift:

$BNB has sharply rejected the key $659.84 resistance zone, forming a strong bearish candle with rising volume. This signals seller dominance and potential for a deeper pullback if bulls fail to reclaim $658.

📊 Key Levels to Watch

New Resistance: $657.50–$658.00 (Breakdown retest zone)

Breakdown Targets:

$654.00 (Immediate support)

$652.00 (Next liquidity zone)

$648.00 (Stronger demand area)

Stop Strategy:

Spot Holders: Exit if $660+ recovers

Futures Traders: Tight stop above $659

💡 Why This Pullback Could Extend

✅ Strong Rejection Candle: Bears defended resistance aggressively.
✅ Volume Confirmation: Rising sells = distribution phase.
✅ Failed Breakout: Classic "bull trap" scenario.

🎯 Short Trade Setup (Spot Caution / Futures Consideration)

🔹 Optimal Entry: $657.50–$658.00 (Retest of breakdown)
🔹 Targets:

$654.00 (Quick scalp)

$652.00 (Partial profit-taking)

$648.00 (Full bearish objective)
🔹 Risk Management:

Never risk >1% of capital

Watch BTC dominance (BNB often inversely correlates)

⚠️ Key Risks

❌ False Breakdown: A reclaim above $660 invalidates the bearish thesis.
❌ Binance News Catalyst: Exchange-related announcements can spike BNB.
❌ Low Liquidity Hours: Thin markets may exaggerate moves.

📌 Pro Trader Tip

"Failed breakouts often see three phases:

Initial drop (current phase)

Dead-cat bounce (liquidity grab)

Final capitulation (max pain for bulls)
Trade with this roadmap!"

👇 WHAT’S YOUR MOVE?
🟢 "Shorting this rejection!"
🔴 "Waiting for a bounce to short"
🟡 "Neutral until $660 reclaim"

💬 Comment your strategy below!
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