Technical analysis by Trading_Paradise about Symbol BNB: Sell recommendation (2/3/2025)

1) Macro Overview (USDT Dominance): - We’ve just broken above 4.38% on USDT Dominance, a key resistance level. - As long as USDT Dominance remains above 4.38%, it suggests a potential start to a broader bear market. - A drop back below 4.38% and the Yearly Open would invalidate this bearish scenario. 2) BNB Technicals: - BNB’s chart structure looks weak and appears to have topped. - I’m watching the $600 – $640 zone (confluence with the previous Monthly Low) as a potential area for short entries. - Overall momentum suggests fading any rallies into that zone. 3) Trade Idea: - Short BNB on any push between $600 – $640. - Take profits into the green boxes. - Tight risk management is crucial; a strong reclaim above this range could invalidate the short setup. As always, manage your risk carefully, this is just my personal view, not financial advice. Good luck and happy trading!