BEARISH CHART PATTERN SPOTTED ON BINANCE – SELLERS TAKING CONTROL!

A major bearish chart pattern has been identified on Binance, signaling a potential sharp move to the downside! Price action is showing weakening momentum, lower highs, and clear rejection from key resistance levels — all classic signs that sellers are preparing to dominate the market. A breakdown from the current structure could trigger a strong wave of selling pressure.

Trade Setup:

Short Entry: On confirmed breakdown below support zone

Take Profit Targets:

TP1: First major support level

TP2: Deeper support zone for extended gains

Stop Loss: Above the nearest rejection zone to minimize risk

Market Outlook: The current bearish setup suggests a shift in sentiment with growing sell volumes. Patience is key: wait for clear confirmation before entering short positions. Risk management is critical in this environment to protect against false breakouts.

Pro Tip: Always wait for a candle close below the support zone for maximum confirmation before entering your short!

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