Technical analysis by Shved126 about Symbol BNB: Sell recommendation (2/9/2024)

BNB has been in a sideways range for an extended period, currently at its upper boundary. I believe that without new highs from Bitcoin, BNB could present an excellent short opportunity. I haven't entered a position yet but will be looking for suitable entry points after significant liquidity was removed, followed by a market reaction. Given that Bitcoin and Ethereum are still showing buying strength, I recommend approaching this situation cautiously. The target price is set at $310.