$BNB just lost 705 after the Binance hack, and the chart says 601 is next 🧲
That was the Head & Shoulders neckline, sitting right on the 38.2% retracement. The break activates the pattern.
The way down could mirror the way up 🪞
🔹 A slow bounce toward 720–726 to put in another lower high
🔹 Then 641 (61.8%), or a straight drop to 601 (76.4%), right back where the August breakout started
Same steps, same levels, in reverse.
A daily close back above the right shoulder cancels the pattern.
Will the mirror play out over the next few weeks? Two legs down, or a straight drop to 601?
That was the Head & Shoulders neckline, sitting right on the 38.2% retracement. The break activates the pattern.
The way down could mirror the way up 🪞
🔹 A slow bounce toward 720–726 to put in another lower high
🔹 Then 641 (61.8%), or a straight drop to 601 (76.4%), right back where the August breakout started
Same steps, same levels, in reverse.
A daily close back above the right shoulder cancels the pattern.
Will the mirror play out over the next few weeks? Two legs down, or a straight drop to 601?
