🚨 $BNB Update: Bearish Reversal Confirmed! 📉
Our last analysis played out perfectly! As expected, BNB faced a strong rejection at the selling zone, broke out of the ascending channel, and has now shifted its market structure.
Current Price: $649.29 (1H Chart)
Trend Shift: Bearish breakdown below the channel + internal ChoCH (Change of Character) to the downside.
🎯 Next Move & Trading Plan:
The price has established a new Bearish Order Block / Supply Zone around $653 – $656.
The Setup: Look for a short-term relief rally (retest) back up into the $653 – $655 area.
The Target: If the price hits this zone and shows rejection, it confirms a lower high setup. The next major downside targets are $640 and potentially lower.
⚠️ Verdict: The bias has flipped to Short/Sell on rallies. Avoid longing here; wait for a retest of the new supply zone to look for short opportunities with a tight Stop Loss above $657!
Tags: #BNB #Binance #CryptoAnalysis #TradingUpdate #ShortSetup