$BNB
BNB shows an early distribution under 640 supply after vertical expansion; the current structure prefers a selling approach at the top as the upward follow-through fades.
Trading plan — Short
Entry: 625 – 635
Stop loss: 646 (above the structural peak and supply failure)
Targets: 605 ⇢ 590 ⇢ 576 ⇢ 560
Technical
The print price recorded a local high of 641 followed by immediate rejection and a sequence of lower highs in the daily structure. The upward impulsive leg from 576 lacked sustainable continuity once supply was met, indicating exhaustion rather than true accumulation. The current price is contracting under previous resistance with declining bullish momentum and increasing risk of a downward rotation towards the origin of the breakout.
The hypothesis remains valid as long as the price fails to reclaim and close above 640 on a 4-hour basis. A strong close above 646 negates the distribution narrative and forces a reevaluation of the bias.
The trend remains short-term bearish; rises to 630–635 are considered liquidity for the declines, with the risk clearly defined above the structural peaks.
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