Based on the $BNB 1-hour chart, a potential selling scenario could be as follows:
The current price is at 649.81 USDT, showing a slight decline of 0.15%. The chart indicates a recent upward trend breaking through a resistance level around 650.12 USDT, followed by a pullback. A sell signal could be considered if the price fails to sustain above the 650.12 resistance and starts declining towards the support level at 628.11 USDT. The green and pink highlighted zones suggest areas of consolidation or potential reversal, with the pink zone (around 656-660 USDT) acting as a resistance barrier. If the price shows rejection at this level with a bearish candlestick pattern (e.g., a shooting star or bearish engulfing), it could trigger a sell. Set a stop-loss just above 660 USDT to manage risk, and target a profit around the 628.11 support level, where buying interest might re-emerge. Monitor volume and momentum indicators for confirmation.
