$BNB — Short 75x
The price has finally reached the area I was waiting for:
724.09 – 724.86$Here I’m specifically looking for a reaction from sellers.
The trade is clear to me, and more importantly, the invalidation is clear too. If the area is broken and price holds above 728.19$, then the scenario is over and I’ll exit without hesitation.
Entry: 724.09 – 724.86$
SL: 728.19$
TP1: 721.69$
TP2: 719.83$
TP3: 717.05$
On the 4H timeframe, the structure still leans in favor of shorts, and price is now testing an important resistance.
On the 15M, RSI is at 63; momentum is bullish, but it has not yet reached overbought territory.
As for volume, the current move is not getting strong support: only 0.37x, with 1.65K versus 4.41K expected.
In other words:
This is a decision area, not a guessing area.
Either we see rejection from here and start taking profits,
or the zone gets broken and exiting becomes the right decision.
Let’s see which side wins.
$BNB #bnb #BNB_Market_Update
The price has finally reached the area I was waiting for:
724.09 – 724.86$Here I’m specifically looking for a reaction from sellers.
The trade is clear to me, and more importantly, the invalidation is clear too. If the area is broken and price holds above 728.19$, then the scenario is over and I’ll exit without hesitation.
Entry: 724.09 – 724.86$
SL: 728.19$
TP1: 721.69$
TP2: 719.83$
TP3: 717.05$
On the 4H timeframe, the structure still leans in favor of shorts, and price is now testing an important resistance.
On the 15M, RSI is at 63; momentum is bullish, but it has not yet reached overbought territory.
As for volume, the current move is not getting strong support: only 0.37x, with 1.65K versus 4.41K expected.
In other words:
This is a decision area, not a guessing area.
Either we see rejection from here and start taking profits,
or the zone gets broken and exiting becomes the right decision.
Let’s see which side wins.
$BNB #bnb #BNB_Market_Update
