$BNB
USDT BEARISH REVERSAL – SELL PRESSURE BUILDING UP FAST
The Binance Coin is showing strong rejection from its recent resistance zone, signalling a potential bearish move ahead. Price faced rejection near 656.79, creating a clear resistance, while the immediate support lies around 651.90.
🔑 Key Levels:
Resistance: 656.50 – 656.80
Support: 651.90
Current Price: 655.24
📉 Trade Setup:
Entry: 655.20 – 655.50 (Short Entry Zone)
Take Profit: 652.00 / 651.90
Stop Loss: 656.80
🔍 Market Outlook:
BNB is currently showing lower highs and rejecting from its mid-range resistance, indicating momentum towards support levels. Sellers are dominant unless price breaks above 656.80 with strong volume.
⚠️ Risk Management:
Maintain strict SL at 656.80 to avoid unexpected reversals. Only risk 1-2% of your capital per trade and wait for clear rejection confirmations before entering.
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