$BNB Rejected at $698 — Pullback or Bull Trap? 👀🥊🥊

Setup (Short):

• 🔽 Entry: $679.00

• 🎯 Take Profit (TP): $642.00 – retest of the last support zone

• 🛡️ Stop Loss (SL): $700.00 – just above the recent local top

• ⚡ Leverage: 10x

• ⚖️ Risk Level: Moderate

• 🔁 Type: Short

• 🧠 Strategy: Swing rejection at resistance

Analysis Summary:

BNB has been in a strong uptrend, but today’s candle shows a rejection just under $698 — a level that has been tested twice and failed. The small red candle hints at possible weakness, and volume has not supported the breakout attempt.

📊 Key Observations:

• Rejection at $697.98 twice = double top setup potential

• MA(7) and MA(25) still bullish but starting to curve

• Low volume continuation = weakening buyer momentum

• Volume support declining since peak

Bearish Playbook:

If price breaks below $670 with strong volume, expect acceleration toward $650 or even the 25-day MA at ~$654. A decisive close above $700 would invalidate the short.

#bnb #BNB_Market_Update #analysis