$BNB /USDT – SHORT 📉
While many traders are expecting a bounce, the higher-timeframe structure still points to potential downside. This setup looks for a rejection from resistance before the next move lower.
Trade Setup:
📍 Entry: 569.177 – 569.663
🛑 Stop Loss: 574.059
🎯 TP1: 565.941
🎯 TP2: 563.622
🎯 TP3: 560.143
Why this setup?
• The 4H chart continues to favor a bearish bias.
• The 1D trend remains weak despite the recent oversold reading on the 15m RSI.
• Tight volatility could lead to a sharp move once price breaks out of the current range.
• The setup offers clearly defined risk with multiple profit targets.
$BNB
.
While many traders are expecting a bounce, the higher-timeframe structure still points to potential downside. This setup looks for a rejection from resistance before the next move lower.
Trade Setup:
📍 Entry: 569.177 – 569.663
🛑 Stop Loss: 574.059
🎯 TP1: 565.941
🎯 TP2: 563.622
🎯 TP3: 560.143
Why this setup?
• The 4H chart continues to favor a bearish bias.
• The 1D trend remains weak despite the recent oversold reading on the 15m RSI.
• Tight volatility could lead to a sharp move once price breaks out of the current range.
• The setup offers clearly defined risk with multiple profit targets.
$BNB
.