Updated BNB Short Trade Strategy – July 2025
#bnb is hovering near $655, testing a key resistance zone. Here's a refined short setup based on current technicals:
🔽 Entry Zone
$655–$665: This is the active resistance band where sellers have historically stepped in.
Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) on the 1H or 4H chart.
🛑 Stop-Loss
Above $685: This protects against a breakout above the resistance zone.
📊 Market Sentiment
62% of traders are long on BNB—this creates a potential for a short squeeze or a contrarian short opportunity.
Funding rates are slightly negative, meaning shorts are paying to hold positions.
Volume is mixed, with some traders exiting while options open interest rises—suggesting volatility ahead.
💡 Pro Tip: If BNB breaks below $650 with strong volume, it could trigger a cascade of short-term sell-offs. Watch for confirmation before entering.
