Technical analysis by ULYSSESTRADER about Symbol BNB: Sell recommendation (10/16/2025)

1. Chart Context Pair: BNB/USDT Timeframe: 1h (hourly candles) Current Price: ≈ 1,179.74 USDT Market sentiment: The price recently had a strong drop after failing to sustain higher highs. 2. Trade Setup This is a short position (expecting price to go down). The rectangular red/green box shows the Risk/Reward (R:R) setup: Entry Zone: Around 1,185–1,180 USDT (highlighted where price is consolidating). Stop Loss (SL): At 1,255.37 USDT (the top of the red zone). If price goes above this, the short trade idea is invalidated. Take Profit (TP): At 1,099.55 USDT (the bottom of the green zone). This is the target where the trader expects price to fall. 3. Risk/Reward Ratio Risk (SL distance): ~75 USDT Reward (TP distance): ~86 USDT R:R ratio ≈ 1.15:1 This is a modest but positive risk/reward setup. 4. Support and Resistance Resistance Zone: 1,200–1,250 (price failed to break above here multiple times). Support Zone: Around 1,100 (where the green box ends). The trade is based on price rejecting the resistance and heading back down toward support. ✅ In summary: This is a short trade on BNB/USDT where the trader bets the price will reject resistance (~1,185) and fall to support (~1,100). Stop loss is placed above resistance at 1,255 to limit risk.