$BNB showing rejection from local highs with momentum turning bearish.


Sellers in control as structure shifts lower on intraday timeframes.

EP
617 - 622

TP
TP1 610
TP2 600
TP3 585

SL
628

Liquidity above 625 was tapped before a sharp sell-off, confirming rejection and distribution. Weak bounce attempts and continued lower highs suggest downside continuation unless price reclaims resistance.

Let’s go $BNB ‌
BNB1,72%
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MoonlightShellPool
· 2h ago
585 as TP3 is a bit aggressive, but if the market also cooperates with a drop, it's really not impossible.
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SnackFi
· 5h ago
I'm also watching the range of EP 617-622. If it doesn't recover between 625-628, I think the chances are higher for the 610/600 levels below.
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GasfeeComplainer
· 5h ago
SL at 628 is quite reasonable—at least to avoid false breakouts. Just be careful not to get swept out by a spike that stings you.
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TheWaveOfRasterization
· 5h ago
Liquidity above 625 gets wiped out and then crashes, a typical trap to lure buyers before a pullback, the trend looks quite similar to a distribution phase.
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ThereIsTvlInTheWind
· 5h ago
First, observe whether there is a decent buy-side support at 610; otherwise, 600 could be reached very quickly.
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RiskParityKid
· 5h ago
Each rebound wave is lower than the previous one; short-term trend-following short positions feel more comfortable. Wait until the structure reverses before acting.
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GateUser-f4b3df7a
· 5h ago
It indeed seems to be weakening, with the bears heavily suppressing around 622.
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