📊 $BNB The M Pattern Is Playing Out! 👀📉
I’m watching BNB closely because the chart shows a potential M (double-top) structure around $800–$810. Price tested this area twice, failed to break higher, and then dropped sharply. Looks like the bulls tried twice and still couldn’t get the job done! 😂🐂
Now, price has bounced from the $700–$705 liquidity zone and is trading around $746. But I’m not calling it a reversal just yet, the previous lower high around $755–$760 is the level I want to watch. 🎯
🔹 Resistance: $755–$760
🔹 Major resistance: $800–$810
🔹 Key liquidity/support: $700–$705
🔹 Next downside area: Around $675 if support breaks.
If price gets rejected around $755–$760, sellers could regain control and push BNB back toward $700. A clean breakdown could expose $675.
On the other hand, reclaiming $760 would weaken the immediate bearish setup.
For now, I’m keeping my eyes on the neckline and waiting for confirmation. The M is visible, but until price breaks support, it’s still a developing pattern, not a guaranteed dump! 😅
Two tops, one big question: will the neckline hold, or will BNB take the elevator downstairs? 🎢
#BNB #cryptotrading #TechnicalAnalysis #BinanceCoin
I’m watching BNB closely because the chart shows a potential M (double-top) structure around $800–$810. Price tested this area twice, failed to break higher, and then dropped sharply. Looks like the bulls tried twice and still couldn’t get the job done! 😂🐂
Now, price has bounced from the $700–$705 liquidity zone and is trading around $746. But I’m not calling it a reversal just yet, the previous lower high around $755–$760 is the level I want to watch. 🎯
🔹 Resistance: $755–$760
🔹 Major resistance: $800–$810
🔹 Key liquidity/support: $700–$705
🔹 Next downside area: Around $675 if support breaks.
If price gets rejected around $755–$760, sellers could regain control and push BNB back toward $700. A clean breakdown could expose $675.
On the other hand, reclaiming $760 would weaken the immediate bearish setup.
For now, I’m keeping my eyes on the neckline and waiting for confirmation. The M is visible, but until price breaks support, it’s still a developing pattern, not a guaranteed dump! 😅
Two tops, one big question: will the neckline hold, or will BNB take the elevator downstairs? 🎢
#BNB #cryptotrading #TechnicalAnalysis #BinanceCoin