Short the rebound here?
The highs are still getting lower and lower
From the earlier 762, price has been pushed all the way down to 723
Recently, it’s been hovering around 700
After the drop, price has contracted into a narrow range
This is a continuation pattern in a downtrend, not a bottom
Short $BNB
Entry: 699–706
Place limit orders and wait for a rebound
Don’t chase the current price
Futures bias: bearish
Set the stop-loss at 714
Target 680
Further down, 665
Don’t open too large a position
These are just my personal views. Manage your own position size
$BNB
The highs are still getting lower and lower
From the earlier 762, price has been pushed all the way down to 723
Recently, it’s been hovering around 700
After the drop, price has contracted into a narrow range
This is a continuation pattern in a downtrend, not a bottom
Short $BNB
Entry: 699–706
Place limit orders and wait for a rebound
Don’t chase the current price
Futures bias: bearish
Set the stop-loss at 714
Target 680
Further down, 665
Don’t open too large a position
These are just my personal views. Manage your own position size
$BNB
