$BNB Rejection From Resistance Signals Another Leg Lower Could Be Coming

Trade Setup: Short

Entry Zone: 577 - 579

TP1: 572

TP2: 568

TP3: 564

SL: 582.86

$BNB is struggling to break above the local resistance zone after a weak recovery from the recent sell-off. The rejection near resistance and loss of bullish momentum suggest sellers are still controlling the short-term trend.

I'm bearish on $BNB while price remains below 582.86 resistance. A continued rejection from current levels could push price back toward the recent support area and lower targets. Move SL to entry as soon as the trade goes into profit.

Trade Here On 👇

BNBUSDT

Perp

569.98

-1.26%