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Technical analysis by CryptoSheykh about Symbol BNB: Sell recommendation (4/11/2025)

https://sahmeto.com/message/3405456

Short Position BNB/USDT

Sell
Price at Publish Time:
$586.94
Sell،Technical،CryptoSheykh

🔥 BNB/USDT – Major Resistance Zone AheadBinance Coin is approaching a high-probability short zone (588.71 - 618.54) after breaking below trendline support and forming lower highs on the chart. The market is showing signs of short term bearish exhaustion as price tests this key supply region.🔴 Zone to Watch: “Possible Short Zone” marked in red — confluence of previous support turned resistance and trendline retest.🟣 Key Resistance Zone:588.71 - 618.54🎯 Take-Profit Zones:✅ TP1: 573.29✅ TP2: 549.47✅ TP3: 511.19 (Final Zone)❌ Invalidation Level: Above 618.54(A break and close above this level invalidates the bearish setup)📉 Momentum Outlook: A rejection from the short zone would validate the setup — especially if volume confirms a selloff near 600.🧠 Narrative:This setup aligns with a classic lower high structure within a downtrend. The retest of the trendline + resistance zone = prime setup for continuation to the downside.

Source Message: TradingView
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