🔥 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.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Telegram: t.me/Crypto_Sheykh
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.