$BNB Rally Losing Strength Near Key Supply — Sellers Watching for Reversal
The recent push higher in BNB is starting to lose momentum as price runs directly into a significant overhead supply zone. While buyers managed to drive the rally for a short period, the pace of the move is clearly slowing as the market approaches resistance.
Each attempt to push higher is now meeting visible selling pressure, suggesting that offers are stacking up around this area. Instead of showing strong continuation behavior, the price action is beginning to resemble a corrective bounce within a broader bearish structure.
When rallies start to stall inside supply pockets like this, it often signals that larger sellers are distributing into strength. If that pressure continues to build, the market could rotate lower again as momentum shifts back to the downside.
📉 Trading Plan: SHORT $BNB
Entry: 615 – 630
Stop Loss: 650
Targets:
• TP1: 595
• TP2: 570
• TP3: 540
If sellers step in aggressively at this resistance zone, the current bounce could unwind quickly, sending price back toward the lower liquidity areas and prior support levels.
