$BNB
USDT – BEARISH REJECTION FROM RESISTANCE ZONE, DOWNSIDE MOVE EXPECTED 🔻
$BNBUSDT is showing clear signs of bearish rejection from the resistance zone around $662. Current price is $660.56 with multiple rejections confirming seller strength in this region.
🔑 Key Levels:
Resistance: $662.30 – strong supply zone
Support: $655.20 – target support zone
Current Price: $660.56
🎯 Trade Setup:
SHORT ENTRY:
Entry Zone: $661.00 – $662.00
Take Profit 1: $658.50
Take Profit 2: $655.20
Stop Loss: $663.00
📊 Market Outlook:
The market is stuck in a range with dominant resistance holding price down. Price action has formed multiple rejection wicks, indicating sellers’ control. If price sustains below $660, expect a clean move towards $655 support in coming sessions.
⚠️ Risk Management:
Always use stop loss to protect capital. Risk only 1-2% per trade. Wait for confirmation candle near entry before entering the trade to avoid false breakouts and ensure disciplined execution.
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