$BNB saw a strong rejection from the 710-730 region where sellers stepped in aggressively and erased the entire breakout attempt. Price is now reacting around the 685-690 support zone, an area that previously attracted buyers. The sharp wick into 730 followed by heavy selling shows supply remains active overhead, but the latest candles suggest the decline is slowing as price revisits support.
Entry Point
686 - 691
Target Point
TP1: 700
TP2: 712
TP3: 725
Stop Loss
681
This setup can work because BNB is testing a key reaction zone after a fast decline. On the 15m timeframe, price is attempting to build a base while selling pressure has started to ease. If buyers continue absorbing liquidity near support and higher lows begin forming, momentum can shift back toward the 700+ region. A recovery above 700 would strengthen the case for a move into the next resistance levels as short-term sellers lose control.