🔥 BNB/USDT – Major Resistance Zone Ahead
Binance Coin is approaching a high-probability short zone (588.71 - 618.54) after breaking below trendline support and forming lower highs on the chart. The market is showing signs of short term bearish exhaustion as price tests this key supply region.
🔴 Zone to Watch: “Possible Short Zone” marked in red — confluence of previous support turned resistance and trendline retest.
🟣 Key Resistance Zone:
588.71 - 618.54
🎯 Take-Profit Zones:
✅ TP1: 573.29
✅ TP2: 549.47
✅ TP3: 511.19 (Final Zone)
❌ Invalidation Level: Above 618.54
(A break and close above this level invalidates the bearish setup)
📉 Momentum Outlook: A rejection from the short zone would validate the setup — especially if volume confirms a selloff near 600.
🧠 Narrative:
This setup aligns with a classic lower high structure within a downtrend. The retest of the trendline + resistance zone = prime setup for continuation to the downside.
Binance Coin is approaching a high-probability short zone (588.71 - 618.54) after breaking below trendline support and forming lower highs on the chart. The market is showing signs of short term bearish exhaustion as price tests this key supply region.
🔴 Zone to Watch: “Possible Short Zone” marked in red — confluence of previous support turned resistance and trendline retest.
🟣 Key Resistance Zone:
588.71 - 618.54
🎯 Take-Profit Zones:
✅ TP1: 573.29
✅ TP2: 549.47
✅ TP3: 511.19 (Final Zone)
❌ Invalidation Level: Above 618.54
(A break and close above this level invalidates the bearish setup)
📉 Momentum Outlook: A rejection from the short zone would validate the setup — especially if volume confirms a selloff near 600.
🧠 Narrative:
This setup aligns with a classic lower high structure within a downtrend. The retest of the trendline + resistance zone = prime setup for continuation to the downside.
Operación cerrada manualmente
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Telegram: t.me/Crypto_Sheykh
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.