🚨 While many expect $BNB to continue its strong uptrend, the structure suggests a potential short-term exhaustion near highs with downside risk building.
📉 $BNB – SHORT 🔴
🎯 Trade Plan:
📊 Entry: 620 – 635
🛑 SL: 660
🎯 TP1: 590
🎯 TP2: 560
🎯 TP3: 520
⚡ Why this setup?
The 4H structure is showing signs of distribution after a strong rally, with price struggling to break cleanly above the 630 zone. This area has acted as a supply region where sellers are starting to step in.
On the higher timeframe, $BNB is extended from its base, and such moves often lead to temporary pullbacks before continuation. RSI on the 15m timeframe is around 49, staying neutral and allowing downside momentum to build without being oversold.
Volume is not expanding with price, indicating weakening buyer strength. If rejection confirms in this zone, price is likely to rotate back toward lower support levels before any potential continuation.
🤔 Debate:
Is this just a healthy pullback before another push up, or the start of a deeper correction?
🌟 Click below for trade 👇🏻
Follow Me @TZX_Crypto