$BNB /USDT: Binance Coin Rejection - Distribution Phase?
-3.00% today = losing steam. -16.28% weekly, -31.96% monthly. Rejected at $624.14, now at $616.63.
The Play:
📉 SHORT Zone: $620-$624 (failed breakout rejection)
🎯 Targets: $614 (24h low) | $610 | $605
🛑 Stop: $628
OR if support holds:
📈 BUY Zone: $613.80-$616 (24h low retest)
🎯 Targets: $622 | $628
🛑 Stop: $610
Brutal Stats: Volume 93.34M USDT. Rejected hard at $624.14. Below MA(5) but above MA(10). 90-day -35%, 180-day -26% = steady bleed despite +0.77% 1-year.
Failed to break $624. Downtrend continues.
⚠️ DYOR - BNB getting hammered. Down -3% today, -16% weekly, -31% monthly. Rejection at $624 shows weakness. Even Binance's own token can't catch a bid. If BNB is struggling, imagine the rest of altcoins. This is market-wide distribution. Watch $614 support closely.
Risk Level: HIGH 🔥🔥
