$BNB / USDT — Bearish Breakdown with Strong Selling Pressure
$BNB is currently trading around $617.85 and remains under pressure after failing to hold above the $630 resistance zone. On the 1H timeframe, the market structure shows clear lower highs and lower lows, confirming that sellers are in control. As long as price remains below key resistance, further downside continuation is likely.
Trade Setup
Entry Zone: $620.00 – $610.00
Stop Loss: $635.00
Target 1: $605.00
Target 2: $590.00
Target 3: $570.00
Rationale
Strong rejection from the previous resistance near $640
Well-defined bearish market structure
A confirmed break and sustained hold below $620 increases the probability of further downside
BNBUSDT
Perp
614.38
+1.39%