BNB price is fluctuating around the $694 level, near a short-term resistance threshold. Selling momentum increases when the EMA50 crosses below the EMA20, creating a bearish signal.
$BNB – SHORT
Trading plan:
Entry: $694.41 – $695.23
SL: $698.96
TP1: $687.36
TP2: $683.77
TP3: $679.62
Why this setup?
• The 4h trend is SHORT; EMA20=$689.47, EMA50=$694.26.
• RSI 15m=67.0; RSI 4h=54.2.
• ATR 1h=$2.7629; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
If price bounces above $698.96, the order may get swept, but if the trend holds, TP1 is still achievable. Are you willing to accept this risk to start a short-term position?
Click here to trade 👇
$BNB – SHORT
Trading plan:
Entry: $694.41 – $695.23
SL: $698.96
TP1: $687.36
TP2: $683.77
TP3: $679.62
Why this setup?
• The 4h trend is SHORT; EMA20=$689.47, EMA50=$694.26.
• RSI 15m=67.0; RSI 4h=54.2.
• ATR 1h=$2.7629; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
If price bounces above $698.96, the order may get swept, but if the trend holds, TP1 is still achievable. Are you willing to accept this risk to start a short-term position?
Click here to trade 👇
