Technical analysis by tradecitypro about Symbol BNB: Sell recommendation (7 hour ago)

👋 Welcome to TradeCity Pro! In this analysis, I want to review the BNB coin for you, one of the most popular and well-known cryptocurrency exchanges, whose native token has a $115.97 billion market cap and is currently ranked 5th on CoinMarketCap. ⏳ 4-Hour Timeframe On the 4-hour timeframe, BNB is in a downtrend, and its latest bearish wave started after breaking below the $900 zone, continuing down to the $808 level. ✨ There is also a curved descending trendline on BNB’s chart, which has now become very steep, and the price has reached this trendline. ⭐ If this trendline breaks, the correction could deepen, allowing the price to move toward higher zones. But if BNB gets rejected from this trendline, the downward movement will continue. ✔️ The next short trigger we have is the break of the $808 level. This is a very important support zone, and if it breaks, the price could fall toward the $747 level. 📊 Buying volume has been very low during this corrective phase, which shows the strength of the sellers. Therefore, a rejection from the trendline or a break below $808 can confirm the start of a new bearish wave. 💥 From a momentum perspective, the RSI is also making a small upward correction similar to the price. The 19.83 level is the key RSI support. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️