【BNB 4H】Money is flowing out of futures, yet the number of long accounts is rising
$BNB Binance reported 740.5 at 02:00. Binance just launched an AI trading tool, but the price showed no reaction.
Most people think a funding rate of zero means a balance between bulls and bears. I see something else.
① Structure: The 4H chart has broken below the ascending trendline (currently around 772). Any rebound will first run into resistance at 742.6–762.5.
② Futures: Open interest fell 2.48% over 24h, while the long/short account ratio rose from 2.07 to 2.11. The number of accounts is increasing, but the total position size is shrinking.
③ Confluence: The resistance zone overlaps with Fib 0.382/0.5 and the MA99 (764).
Plan 1 (primary): Consider placing a small short near 755 on a rebound, with a stop-loss at 769 and a target of 720.
Plan 2 (backup): If price finds support on a retest of the 715–719 support zone, consider placing a long at 718, with a stop-loss at 706 and a target of 740.
Invalidation: If the 4H candle closes above 769, the bearish thesis is invalidated; admit the mistake and exit.
U.S. CPI is due tonight at 20:30, and price may break out of this range in either direction.
Do you think BNB will hit 755 or 718 first?
Source: TradingKey, Binance futures data
$BNB #BNB #CPI
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.
$BNB Binance reported 740.5 at 02:00. Binance just launched an AI trading tool, but the price showed no reaction.
Most people think a funding rate of zero means a balance between bulls and bears. I see something else.
① Structure: The 4H chart has broken below the ascending trendline (currently around 772). Any rebound will first run into resistance at 742.6–762.5.
② Futures: Open interest fell 2.48% over 24h, while the long/short account ratio rose from 2.07 to 2.11. The number of accounts is increasing, but the total position size is shrinking.
③ Confluence: The resistance zone overlaps with Fib 0.382/0.5 and the MA99 (764).
Plan 1 (primary): Consider placing a small short near 755 on a rebound, with a stop-loss at 769 and a target of 720.
Plan 2 (backup): If price finds support on a retest of the 715–719 support zone, consider placing a long at 718, with a stop-loss at 706 and a target of 740.
Invalidation: If the 4H candle closes above 769, the bearish thesis is invalidated; admit the mistake and exit.
U.S. CPI is due tonight at 20:30, and price may break out of this range in either direction.
Do you think BNB will hit 755 or 718 first?
Source: TradingKey, Binance futures data
$BNB #BNB #CPI
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.