đ BNB Analysis (1H Timeframe)
$BNB recently broke the trendline with a sharp bearish candle, then instantly re-entered with a strong bullish candle â a classic manipulation move. Many traders now believe liquidity was swept and the target is 860, but this is a trap.
đ« Thereâs no real liquidity above 860. Instead, I expect the market to break the trend again, trigger buyersâ stop-losses, and head toward the $800 psychological level. A fair value gap just above 800 also acts like a magnet for price.
đ My opinion: This is a good zone to consider short positions.
đ Stop loss & take profit levels are shown in the image below.
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