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$BNB – Rebound momentum fading as price presses into overhead resistance band
Trade Setup: Short $BNB
• Entry Zone: 601 – 631
• Target 1: 590
• Target 2: 563
• Target 3: 536
• Stop Loss: 660
The current upward move appears increasingly stretched, with continuation decelerating as price enters supply territory rather than expanding with conviction. The structure suggests buyers may be encountering absorption while selling pressure accumulates overhead. Should this zone successfully cap further advancement, rejection holds the potential to evolve into a broader downside rotation toward lower support thresholds.
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