BNB Bulls Near Breakout: Reversal Pattern Emerges

vor 4 Tagen

Yello, Paradisers, is this the turning point for BNB? After the recent brutal drop, signs of a powerful reversal are emerging, and what we’re seeing now could trap late sellers in a dangerous spot.

💎#BNBUSDT has formed a textbook inverse head and shoulders pattern, signaling a potential bullish reversal after a steep downtrend. The neckline around the $834–$836 level has become a critical zone to watch. Price is currently testing this area, and a confirmed breakout above it could trigger a strong continuation move.

💎This structure forms after a sharp downtrend and often acts as a springboard for upside momentum when confirmed. If #BNB manages to break and hold above the neckline with volume, the next target lies near $870, minor resistance, with the $890–$900 zone acting as major resistance.

💎However, if bulls fail to break out and the price gets rejected from the neckline again, we could see a retracement back toward the $810 invalidation level, which would weaken the reversal setup and put short-term downside back in play.

💎The Stochastic RSI is also approaching overbought territory, suggesting bulls need to act quickly before momentum fades. Volume confirmation remains key here.

Stay sharp, the setup is clean, but it’s also a classic trap zone.

MyCryptoParadise
iFeel the success🌴

vor 3 Tagen

Trade geschlossen: Ziel wurde erreicht

💎 Another win! #BNBUSDT up 8.55%, as forecasted!