BNB/USDT 1W chartBinance Coin / TetherUSBINANCE:BNBUSDTcryptodailyuk1️⃣ Main trend • Long-term trend: upwards The black trend line is respected - the market moves in a higher highs / higher lows structure. • The recent upward move was expansive and parabolic → it was not a healthy growth, just FOMO. ➡️ Correction was inevitable. ⸻ 2️⃣ Current price situation • Current price ~ USDT 840 • The market rejected the 1020-1160 zone very aggressively (long wick = smart money distribution) This does NOT look like: • continuation of impulse ❌ • only for local peak and market cooling ✅ ⸻ 3️⃣ Key levels (most important) 🟢 Resistances • 911–920 → first hard resistance • 1020–1030 → distribution zone • 1160 → ATH / extreme (unrealistic without long consolidation) 🔴 Support • 780–800 → KEY This is: • previous resistance • psychological level • place of price reaction • 600–620 → strong HTF support • ~520–550 → the last line of defense of the trend ⸻ 4️⃣ RSI Stochastic (bottom) • RSI in the oversold zone • BUT: • on W1 RSI may stay in oversold for a long time • this is NOT yet a buy signal in itself We are waiting for: • RSI turn up • preferably bullish cross + price reaction