I’m watching $BNB for a selling setup here.



BNB got rejected hard from the $718–$719 area and the 1H structure has been making lower highs since. Price bounced from $688, but so far it still looks more like a relief bounce than a real reversal.

Entry: $695–$700

Targets:
TP1: $692
TP2: $688
TP3: $684

SL: Above $704

For me, $700–$704 is the zone sellers need to defend. As long as BNB stays below it, I’m watching for another leg down. A clean reclaim above $704 would make me drop the short idea.
BNB-0.62%
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PermitPhisherHunter
· 32 minutes ago
Short it directly?
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ResistanceRunner
· an hour ago
The move down from 718 has already been discounted; the rebound from 688 looks more like an oversold recovery. A retest of 704 is possible, but I don’t think your directional call is wrong—the take-profit and stop-loss levels are just a bit too tight and could easily get hunted.
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PerpPessimist
· an hour ago
Indeed, as long as 704 holds, bears still have a chance.
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TroveArtisan
· an hour ago
TP2 is at 688, which is too close—there’s no profit to be made. It’s only worth taking this risk if it drops below 680.
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PositionMover
· an hour ago
Short position placed, waiting to enter at 700.
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MultiChainTourist
· an hour ago
1H lower highs do indicate something, but don't ignore EMA support. If the price consolidates above 690, bears should be careful.
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