$BNB /USDT — SELL Setup | 5-Minute Chart
BNB is showing bearish momentum after a strong downward move. The chart is forming lower highs and lower lows, indicating that sellers are still active.
I'm watching the $701.50–$703.00 resistance zone for a possible short opportunity.
📉 SELL Entry: $701.50 – $703.00
🛑 Stop-Loss: $705.50
🎯 TP1: $698.00
🎯 TP2: $694.20
🎯 Extended TP: $692.80
Why this trade?
• The overall short-term structure remains bearish.
• The $701.50–$703.00 zone is an important resistance area.
• A bearish rejection from this zone could create another downward move.
• The $694 support level is an important downside target.
⚠️ Confirmation is essential: Wait for a clear bearish rejection candle inside the entry zone before opening a SELL position. If BNB breaks and holds above $705.50, avoid this setup.
Always use proper risk management. These levels are based on the provided chart screenshot, not live-verified market data. No trade guarantees profit.
💬 What's your prediction? Will BNB drop below $694 or bounce back?
Share your analysis in the comments! 👇
#bnb #BNBUSDT #cryptotrading
#BinanceSquare #BinanceSquareTalks
$BNB
BNB is showing bearish momentum after a strong downward move. The chart is forming lower highs and lower lows, indicating that sellers are still active.
I'm watching the $701.50–$703.00 resistance zone for a possible short opportunity.
📉 SELL Entry: $701.50 – $703.00
🛑 Stop-Loss: $705.50
🎯 TP1: $698.00
🎯 TP2: $694.20
🎯 Extended TP: $692.80
Why this trade?
• The overall short-term structure remains bearish.
• The $701.50–$703.00 zone is an important resistance area.
• A bearish rejection from this zone could create another downward move.
• The $694 support level is an important downside target.
⚠️ Confirmation is essential: Wait for a clear bearish rejection candle inside the entry zone before opening a SELL position. If BNB breaks and holds above $705.50, avoid this setup.
Always use proper risk management. These levels are based on the provided chart screenshot, not live-verified market data. No trade guarantees profit.
💬 What's your prediction? Will BNB drop below $694 or bounce back?
Share your analysis in the comments! 👇
#bnb #BNBUSDT #cryptotrading
#BinanceSquare #BinanceSquareTalks
$BNB
