$BNB — Rejection at Highs, Corrective Move Likely
BNB is showing clear signs of exhaustion near recent highs, with price failing to hold above the key resistance zone. The bounce is losing strength and selling pressure is starting to step in, suggesting this move looks corrective rather than a clean breakout.
The rejection from the upper range signals potential downside continuation. As long as BNB remains capped below resistance, late longs risk getting trapped on further weakness.
Trade Setup (Short):
Entry Zone: 892.00 – 898.00
Targets:
TP1: 880.00
TP2: 872.00
TP3: 860.00
Stop-Loss:
Above 905.50
Bias:
Bearish below resistance. Look for continuation lower while price stays rejected from the upper range. Manage risk strictly and scale profits step by step.
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