I'M WATCHING A BIG SHORT ON $BNB .
EP: $688.00 – $689.00 TP: $682.39 / $678.37 SL: $692.78
BNB faced a strong rejection near $702, followed by a massive bearish candle that pushed price down to $678.37. Buyers managed a recovery, but the rebound is now losing momentum around $688–$689.
The 1H structure remains bearish, with sellers still having the advantage. A rejection below $692.78 could trigger another move toward $682.39 and potentially retest $678.37.
Key level: BNB needs to stay below $692.78 for the short setup to remain valid. A strong move above this level would invalidate the bearish setup.
Sellers are still in control. Watch the next breakdown! 🔻
$BNB
EP: $688.00 – $689.00 TP: $682.39 / $678.37 SL: $692.78
BNB faced a strong rejection near $702, followed by a massive bearish candle that pushed price down to $678.37. Buyers managed a recovery, but the rebound is now losing momentum around $688–$689.
The 1H structure remains bearish, with sellers still having the advantage. A rejection below $692.78 could trigger another move toward $682.39 and potentially retest $678.37.
Key level: BNB needs to stay below $692.78 for the short setup to remain valid. A strong move above this level would invalidate the bearish setup.
Sellers are still in control. Watch the next breakdown! 🔻
$BNB
