$BNB strongly pulled then weakened, broke the illusion or started short-term distribution?
Current price: 856.5 USD (+1.00%). The 1H frame shows BNB being strongly rejected at 867.8 with a long wick candle, the price returns to test the EMA cluster 7/25/99, momentum is clearly weakening.
🎯 SHORT Entry: 857 – 861
TP1 852
TP2 846
TP3 838
Stop Loss 869
If BNB does not reclaim the area 862–865, the recent spike is likely a false breakout and the price could continue to correct towards the support area 845; only when decisively breaking 869 will the bearish scenario be invalidated.
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BNBUSDT
Perp
842.74
-2.22%