$BNB sliding into the $835 zone has definitely tested patience across the market. From a structure point of view, a short-term bounce is possible, but the chart still leaves room for one more dip before a healthy recovery sets in.
The $800 level is the real line in the sand. • Holding above $800 + reclaiming key intraday levels could trigger a sharp relief move. • Losing $800 would likely mean more consolidation and a longer recovery phase as confidence rebuilds.
For now, this is a wait-for-confirmation zone, not a rush-to-trade area. Let price show its hand before committing size.
Curious to hear how others are positioning around these levels 👀 $BNB
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Feeling the pressure? You’re not alone.
$BNB sliding into the $835 zone has definitely tested patience across the market. From a structure point of view, a short-term bounce is possible, but the chart still leaves room for one more dip before a healthy recovery sets in.
The $800 level is the real line in the sand.
• Holding above $800 + reclaiming key intraday levels could trigger a sharp relief move.
• Losing $800 would likely mean more consolidation and a longer recovery phase as confidence rebuilds.
For now, this is a wait-for-confirmation zone, not a rush-to-trade area. Let price show its hand before committing size.
Curious to hear how others are positioning around these levels 👀
$BNB