$BNB This spike up is to help the more people who are chasing; it’s not a reason to take a position. In 4-hour timeframes there are five yin and one yang, and the daily chart turns bearish; the price is being beaten down by the 15-minute MA50. On the futures side, it has been categorized as small-cap momentum, and in the bear_strong quadrant, new short orders are lined up and filling one after another. Short directly when it rebounds to 707. First target: 677 (the 3-day low), second target: 600 (the 7-day breakout point). Stop loss: 743, placed beyond the 7-day high of 727—if it can’t break through, then it’s just wasted effort.
