I’m watching $BNB here — strong rejection from resistance and fading momentum after the bounce, so I’m taking a short for a potential continuation to the downside.
$BNB — SHORT SETUP 🔴
Entry: 632 – 635
Stop Loss: 653
(I'm managing manually due to Risk Management for other trades)
Targets:
TP1: 615
TP2: 605
TP3: 595
Price pushed into 649 but couldn’t hold — clear rejection from a key resistance zone.
Each bounce attempt is getting weaker, showing lack of bullish strength and fading momentum.
Sellers are actively defending this area, keeping price suppressed below resistance.
When a relief rally stalls like this after a downtrend, it often leads to another leg down as sellers regain control.
Trade Here 👇🏻
BNBUSDT
Perp
631.43
-1.49%