$BNB Short
Entry range : 618 - 625
Stop loss : 640
Take Profit
Target 1 : 605
Target 2 : 592
Target 3 : 575
BNB is hovering near short-term resistance while overall momentum remains cautions. With the Chinese Lunar New Year period, trading activity across major Asian markets tends to slow down, leading to thinner liquidity conditions.$BNB
Lower liquidity can make upside breakouts harder to sustain and increases the probability of short-term rejection moves. As long as BNB remains below the 630 - 635 region, downside pressure remains possible.$BNB
If price breaks and hold above 640, the short thesis is invalidated. Proper risk management is key during holiday volatility.
Are you shorting this resistance or waiting for clearer confirmation?
PS : Always DYOR
BNB
604.79
-1.64%