$BNB is forming a Head & Shoulders pattern on the 1H chart 📉 after a strong sell-off from the 900+ region 🚀. Here's the breakdown:

- Left Shoulder: ~785–790 📍

- Head: ~728 (marked low on chart) 📉

- Right Shoulder: ~770–775 📍

- Neckline / Supply Zone: 780–785 🔴

Price is trading below the neckline, keeping the structure bearish ⚠️.

👉 Bearish Scenario (Pattern Confirmation):

If price fails to reclaim 780–785 and shows rejection 🚫:

- First downside: 745–750 📉

- Key support retest: 728 🔻

- If 728 breaks: Next targets 700 → 680 🚨

👉 Bullish Invalidation:

The bearish structure is invalid if:

- Strong 1H close above 785 🔥

- Follow-through above 790 🚀

Then: Recovery toward 810–830 🌈 (relief bounce, not trend reversal unless HTF flips). 📊

click here to trade 👇

BNB

644.09

+0.81%