I'M WATCHING A BIG SHORT ON $BNB
EP:695–697
TP: 683.94
SL:704.58
Price got rejected hard from 717.77 and sold off aggressively with heavy red candles into the 683.94 low. The bounce that followed has been choppy and weak — buyers managed a recovery but failed to reclaim any real strength.
Sellers are still active on every push higher. The recent candles show lower highs forming inside the recovery range, with selling pressure returning near 697. Momentum has stalled and the structure remains lower-high after the breakdown.
Key resistance is the 704.58 area. The short stays valid as long as price remains below that level. A clean break and hold above 704.58 invalidates the setup and signals the bounce is extending.
Next likely move is a retest of the 683.94 low if sellers keep control of this range.
Structure favors the downside from here. Watching the rejection.
EP:695–697
TP: 683.94
SL:704.58
Price got rejected hard from 717.77 and sold off aggressively with heavy red candles into the 683.94 low. The bounce that followed has been choppy and weak — buyers managed a recovery but failed to reclaim any real strength.
Sellers are still active on every push higher. The recent candles show lower highs forming inside the recovery range, with selling pressure returning near 697. Momentum has stalled and the structure remains lower-high after the breakdown.
Key resistance is the 704.58 area. The short stays valid as long as price remains below that level. A clean break and hold above 704.58 invalidates the setup and signals the bounce is extending.
Next likely move is a retest of the 683.94 low if sellers keep control of this range.
Structure favors the downside from here. Watching the rejection.
