Technical analysis by FrankFx14 about Symbol BNB: Sell recommendation (5/8/2025)

BNB/USDT (1H Chart) just tapped a high-interest supply zone between $610 - $616, showing signs of temporary exhaustion after a strong bullish breakout above the $597 resistance level. This zone previously rejected price twice and could offer either a pullback opportunity or a potential short setup.Key Technicals:Supply Zone: $610–$616 (highlighted in blue)Fresh Breakout: Price broke cleanly above $597.64, turning it into immediate supportPrevious Range: Consolidation between $579.60 and $597.64Demand Zone: $570–$580 marked in orange (high confluence zone for buyers)Scenarios to Watch:1. Bearish Rejection: If price fails to close above $616 on the 1H or 4H, we could see a retest of $597 or even $579.2. Bullish Breakout: A solid close above $616 with volume may send BNB toward $630+, potentially starting a new leg up.My Game Plan:Watching for rejection candles (e.g., pin bars or bearish engulfing) within the $610–$616 rangeTarget for short: $597 and then $579Break & close above $616: I'll look for bullish continuation entriesTrade Smart, Use SLs.Let me know your view on this level – is BNB ready to fly or due for a pullback?