BNB at Make-or-Break Support– Final Sweep or Major Reversal Zone

BNB is approaching a very important area where two major structures meet: the descending channel and the long-term ascending support. This region has historically triggered strong reactions, and price is now retesting it again.
The recent drop pushed BNB directly into the confluence of
• 0.618 fib (772)
• 0.786 fib (740)
• major ascending support
• the bottom of the falling channel
This combination forms a high-value reaction zone where volatility usually expands.
If price holds this zone and reclaims the smaller descending trendline, the market can begin the next corrective leg to the upside. However, failure to hold this support may trigger a deeper sweep before any recovery attempt.
Key Structure Notes
• BNB is trading inside a falling channel
• Price is sitting at a multi-month ascending support
• Fib confluence strengthens the potential for a rebound
• A clean reclaim of the inner trendline would confirm strength
• A breakdown below 740 would invalidate this scenario
Invalidation
A confirmed close below 740 invalidates the bullish recovery idea and opens the door for a deeper move toward 700.
Simple Explanation
BNB is sitting at a major support cluster. If this area holds and the trendline is reclaimed, upside continuation can follow. If it breaks, expect another sweep lower before any meaningful bounce.
The recent drop pushed BNB directly into the confluence of
• 0.618 fib (772)
• 0.786 fib (740)
• major ascending support
• the bottom of the falling channel
This combination forms a high-value reaction zone where volatility usually expands.
If price holds this zone and reclaims the smaller descending trendline, the market can begin the next corrective leg to the upside. However, failure to hold this support may trigger a deeper sweep before any recovery attempt.
Key Structure Notes
• BNB is trading inside a falling channel
• Price is sitting at a multi-month ascending support
• Fib confluence strengthens the potential for a rebound
• A clean reclaim of the inner trendline would confirm strength
• A breakdown below 740 would invalidate this scenario
Invalidation
A confirmed close below 740 invalidates the bullish recovery idea and opens the door for a deeper move toward 700.
Simple Explanation
BNB is sitting at a major support cluster. If this area holds and the trendline is reclaimed, upside continuation can follow. If it breaks, expect another sweep lower before any meaningful bounce.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.