$BNB /USDT – Short-Term Rejection From Highs
Market Structure:
BNB pushed impulsively into the 894 resistance zone, printed a local high, and immediately faced strong rejection. The sharp bearish candle from the highs suggests sell pressure absorption failed, followed by a weak bounce — typical of a lower high setup on lower timeframes.
Key Levels:
Resistance: 892 – 894
Immediate Supply: 890 – 892
Support: 886 – 884
Major Support: 880 – 878
Price Action Insight:
The rejection wick + strong bearish displacement confirms buyers losing momentum near resistance.
Current bounce looks corrective, not impulsive → favoring continuation lower unless 892 is reclaimed with volume.
Structure is shifting from higher highs to distribution on 15m.
Trade Scenarios:
Bearish Continuation (Preferred):
Entry Zone: 890 – 892
Targets:
TP1: 886
TP2: 882
TP3: 878
Stop Loss: Above 895 (clean invalidation)
Bullish Reclaim (Invalidation Scenario):
Acceptance and close above 894 could open continuation toward 900 – 905, but this requires strong volume confirmation.
Outlook:
Bias remains bearish short-term as long as price stays below 892–894. Expect range expansion to the downside if support at 886 fails. Patience near resistance is key — let price come to you.
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