$BNB got rejected at $810 — but the structure isn't broken yet. 👀
Price just spiked into $809.99 and immediately got slapped back down to $787. That's a sharp rejection at a clear level, and it matters because $810 was the local high that bulls needed to clear for continuation.
Key zone I'm watching: $785.51 (24h low) and the $778 area below it. This is where the recent impulse leg started, so it's the line between a healthy pullback and a deeper correction.
If bulls hold $785: This looks like a normal retrace after a liquidity grab. Reclaiming $800 would put $810 back in play and keep the uptrend intact.
If bears break $778: The rejection gets confirmed. That opens a slide toward $765, then $750.
My view: That wick to $810 followed by a hard drop is a warning, not a death sentence. I'm not shorting into support, and I'm not buying until I see how price reacts at $785 - $778 level.
Price just spiked into $809.99 and immediately got slapped back down to $787. That's a sharp rejection at a clear level, and it matters because $810 was the local high that bulls needed to clear for continuation.
Key zone I'm watching: $785.51 (24h low) and the $778 area below it. This is where the recent impulse leg started, so it's the line between a healthy pullback and a deeper correction.
If bulls hold $785: This looks like a normal retrace after a liquidity grab. Reclaiming $800 would put $810 back in play and keep the uptrend intact.
If bears break $778: The rejection gets confirmed. That opens a slide toward $765, then $750.
My view: That wick to $810 followed by a hard drop is a warning, not a death sentence. I'm not shorting into support, and I'm not buying until I see how price reacts at $785 - $778 level.
