$BNB — Bearish Continuation After Failed Reclaim
Bias: Short (Bearish)
Entry Zone: 635 – 638
Stop Loss: 643
Targets 🎯:
TP1: 628
TP2: 620
TP3: 615
Technical Rationale:
Price attempted to reclaim the 636–640 resistance zone but failed, printing a clear lower high beneath prior supply. The sharp push into 628 swept sell-side liquidity, yet the following bounce was weak and corrective, showing a lack of real buyer commitment. Price continues to trade below broken support and remains capped under the range midpoint. Sellers are defending every minor pullback, keeping downside pressure intact.
Execution Note:
Short bias remains valid while price holds below 643 and fails to reclaim 640. Any strong acceptance back above that zone invalidates the bearish continuation thesis.
BNB
612.73
+0.04%