🚀 $BNB
SHORT SETUP 🚀
BNB bounced off the sharp drop to $716.85 and is now drifting up toward its 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $755.00 – $758.50
TP1: $750.00
TP2: $745.00
TP3: $737.00
SL: $763.00
🔻 Why BNB is on watch:
Price ($750.72) sits just above the 7 MA ($750.58) and 25 MA ($746.66), but is still below the 99 MA ($756.13), which is sloping down and has acted as resistance since the drop from $811.18 The structure shows lower highs since the $811.18 peak, so the recovery looks corrective inside a downtrend Volume on the bounce is very low, a sign of weak buying that often fades The 7 MA ($750.58) is the first support, with the 25 MA ($746.66) below it. A 1H close under $746 would confirm sellers are taking over.
Not financial advice. DYOR.
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#bnb #Binance #cryptotrading
SHORT SETUP 🚀
BNB bounced off the sharp drop to $716.85 and is now drifting up toward its 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $755.00 – $758.50
TP1: $750.00
TP2: $745.00
TP3: $737.00
SL: $763.00
🔻 Why BNB is on watch:
Price ($750.72) sits just above the 7 MA ($750.58) and 25 MA ($746.66), but is still below the 99 MA ($756.13), which is sloping down and has acted as resistance since the drop from $811.18 The structure shows lower highs since the $811.18 peak, so the recovery looks corrective inside a downtrend Volume on the bounce is very low, a sign of weak buying that often fades The 7 MA ($750.58) is the first support, with the 25 MA ($746.66) below it. A 1H close under $746 would confirm sellers are taking over.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
#bnb #Binance #cryptotrading