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BNB Trade Setup (Short)
BNB has faced a strong rejection from the key resistance zone around 610–612, showing clear signs of weakness as sellers step in.
Trade Idea: Short
Entry Zone: 600 – 605
Take Profit Targets:
TP1: 595
TP2: 588
TP3: 580
Stop Loss: 612
The price is struggling to hold higher levels after multiple rejections, indicating bearish pressure. A breakdown below 600 with strong volume could trigger a move toward 595 and lower liquidity areas.
As long as BNB remains below the 610 resistance zone, the overall bias stays bearish.
Current Price: 601.44
$BNB