$BNB Price is trading around 629.7 after a sharp sell off from the 640+ area.
BNBUSDT
دائم
618.55
-3.38%
That big red candle shows strong selling pressure. Price is now below MA60, which is acting as resistance. Volume spike confirms sellers were aggressive on that drop.
Market Structure Lower high formed. Momentum is weak. Bounces are getting sold quickly.
Short Bias Setup Entry zone: 632 to 636 Stop loss: 646 TP1: 620 TP2: 608 TP3: 595
As long as price stays below 635, downside continuation looks more likely.
Only a strong reclaim and hold above 646 would invalidate this bearish view.