$BNB
Short-term Strategy: Prefer to Short
Indicators Overheated: StochRSI and Wm%R are close to the overbought zone, with weak upward momentum in the short term
Approaching Previous High Resistance: The 635ā640 area above is a dense resistance zone, and without an effective breakout on volume, a pullback is likely
Funding Rate Slightly Negative: The futures market appears slightly crowded with longs, and once the upward momentum declines, short pressure may emerge
Opening Position: Short at current price 633-635 Stop Loss 646
Take Profit first look at 615-620