📊 $BNB Technical Analysis – 4H Chart

$BNB has been in a strong bullish rally recently, breaking above multiple Gann Fan levels and now testing the 8/1 line near 857$. Historically, this zone acts as a key resistance where price momentum often slows down before either consolidating or reversing.

Key Observations:

Trend: Strong bullish momentum but showing early signs of exhaustion as price approaches overbought levels on the 4H RSI.

Gann Fan Resistance: The 8/1 line is a historically strong reversal zone; failure to close above it could lead to a correction.

Volume: Spike in buying volume suggests late buyers entering the market, which often precedes a pullback if not supported by new highs.

Correlation with BTC: If Bitcoin faces rejection near its current resistance, BNB is likely to follow with a correction.

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📉 Short-Term Bearish Setup (Rejection Scenario)

Entry Zone: 860 – 870

TP1: 835 (near 4/1 fan line)

TP2: 810 (support cluster & 3/1 fan)

TP3: 780 (major support & 2/1 fan)

Stop Loss: 885 (above current breakout zone)

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📈 Bullish Breakout Scenario

If $BNB breaks and holds above 885$ with strong volume, the next resistance lies near 920$ – 940$, which is the upper fan extension.

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💡 Trading Tip: Wait for confirmation from candlestick patterns (like bearish engulfing or long upper wicks) before entering a short. If BTC turns bullish, the short setup might fail, so keep an eye on overall market sentiment.