BNB is trading around the $766-$768 range, after a sharp drop over the past 24 hours and approaching the resistance zone of the day. Short-term indicators show that selling pressure is still dominant.
$BNB – SHORT
Trading plan:
Entry: $766.32 – $767.28
SL: $771.57
TP1: $758.21
TP2: $754.07
TP3: $749.29
Why set it up like this?
• The 4h trend is SHORT; EMA20=$769.14, EMA50=$770.31.
• RSI 15m=21.4; RSI 4h=47.2.
• ATR 1h=$3.1829; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
The short scenario can reach TP1 if price continues to fall, but the risk of getting stopped out at $771.57 is still present if the trend reverses suddenly.
Click here to trade 👇
RULES: keep the 5 price levels above unchanged; do not create new numbers/confidence/news. Do not use the old format including Hook/Context/Scenario/Technical levels, do not write “Trade Plan” or “Debate”.
BINANCE DATA: BNB price $766.80, 24h -1.91% (down); daily support $704.29, daily resistance $807.49.
$BNB – SHORT
Trading plan:
Entry: $766.32 – $767.28
SL: $771.57
TP1: $758.21
TP2: $754.07
TP3: $749.29
Why set it up like this?
• The 4h trend is SHORT; EMA20=$769.14, EMA50=$770.31.
• RSI 15m=21.4; RSI 4h=47.2.
• ATR 1h=$3.1829; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
The short scenario can reach TP1 if price continues to fall, but the risk of getting stopped out at $771.57 is still present if the trend reverses suddenly.
Click here to trade 👇
RULES: keep the 5 price levels above unchanged; do not create new numbers/confidence/news. Do not use the old format including Hook/Context/Scenario/Technical levels, do not write “Trade Plan” or “Debate”.
BINANCE DATA: BNB price $766.80, 24h -1.91% (down); daily support $704.29, daily resistance $807.49.
