BNB Rejects Major Supply Zone – Short Opportunity
🔴 $BNB - SHORT
Trade Plan:
Current Price: ~$551
Entry Zone: 553 - 560
SL: 567
TP1: 535
TP2: 520
TP3: 500
Price has formed a clear lower high after rejecting the major supply zone around $560, with bearish order block and expanding sell volume visible on the 4H chart. Our Entry Zone at 553-560 sits right inside the distribution area where previous rallies failed, offering high-probability short entries on any weak bounce. The Stop Loss at 567 is placed above the recent swing high and the 0.618 Fibonacci retracement to protect against fakeouts. Downside targets at TP1 $535, TP2 $520, and TP3 $500 align with unfilled liquidity pools and the next major demand void, delivering strong risk-reward as market structure continues to deteriorate. This SHORT setup carries high conviction because BNB failed to break above the key resistance cluster while broader market sentiment remains weak, turning this rejection into a high-probability continuation move lower.
Will BNB continue lower after this rejection or attempt another fakeout higher?
Click below for trade 👇
DYOR & manage risk!
🔴 $BNB - SHORT
Trade Plan:
Current Price: ~$551
Entry Zone: 553 - 560
SL: 567
TP1: 535
TP2: 520
TP3: 500
Price has formed a clear lower high after rejecting the major supply zone around $560, with bearish order block and expanding sell volume visible on the 4H chart. Our Entry Zone at 553-560 sits right inside the distribution area where previous rallies failed, offering high-probability short entries on any weak bounce. The Stop Loss at 567 is placed above the recent swing high and the 0.618 Fibonacci retracement to protect against fakeouts. Downside targets at TP1 $535, TP2 $520, and TP3 $500 align with unfilled liquidity pools and the next major demand void, delivering strong risk-reward as market structure continues to deteriorate. This SHORT setup carries high conviction because BNB failed to break above the key resistance cluster while broader market sentiment remains weak, turning this rejection into a high-probability continuation move lower.
Will BNB continue lower after this rejection or attempt another fakeout higher?
Click below for trade 👇
DYOR & manage risk!