$BNB: A Short Setup With Three Downside Targets
BNB is approaching a potential short-entry zone, with the supplied 4H and 1H analysis pointing toward bearish momentum.
BNBUSDT | SHORT
Entry: 693.092–694.208
TP1: 683.738
TP2: 677.130
TP3: 667.217
Stop Loss: 706.866
According to the setup, 7 of 12 technical signals align with the bearish scenario, while none directly contradict it.
The reported 15-minute ADX of 25.8 suggests a developing trend, although ADX alone doesn't establish direction.
Risk management matters:
Take 50% profit at TP1, another 25% at TP2 and the remaining 25% at TP3. After TP1, move the stop to the entry price.
The setup is valid only if price reaches the entry zone and confirms rejection. A move above 706.866 invalidates the bearish thesis.
Would you take the short at resistance or wait for stronger confirmation?
$BNB
#BNBTrading #cryptotrading
BNB is approaching a potential short-entry zone, with the supplied 4H and 1H analysis pointing toward bearish momentum.
BNBUSDT | SHORT
Entry: 693.092–694.208
TP1: 683.738
TP2: 677.130
TP3: 667.217
Stop Loss: 706.866
According to the setup, 7 of 12 technical signals align with the bearish scenario, while none directly contradict it.
The reported 15-minute ADX of 25.8 suggests a developing trend, although ADX alone doesn't establish direction.
Risk management matters:
Take 50% profit at TP1, another 25% at TP2 and the remaining 25% at TP3. After TP1, move the stop to the entry price.
The setup is valid only if price reaches the entry zone and confirms rejection. A move above 706.866 invalidates the bearish thesis.
Would you take the short at resistance or wait for stronger confirmation?
$BNB
#BNBTrading #cryptotrading
