The illusion of accumulation has just been shattered. The structure below the four-hour timeframe for $BNB has clearly weakened, with price moving below the moving averages. Every bounce looks like another opportunity handed to the bears. You can feel it from the chart: buyers can’t hold the line, and selling pressure keeps coming in waves. Short-term trend indicators are leaning bearish, and Bitcoin is also moving lower. With such a close correlation, it will be hard for this asset to strengthen on its own.
The daily chart is still mixed, so let’s not get carried away with expectations. Keep your position size light. My plan is to wait for a bounce into the resistance zone before considering an entry. First, take half off at the initial target, then protect the rest at breakeven. That way, even if there’s a rebound, we won’t be caught off guard.
🔴 Trade direction: Short
📍 Entry range: 728.444 – 729.366
🛑 Stop loss: 738.376
🎯 Take profit 1: 721.802
🎯 Take profit 2: 717.066
🎯 Take profit 3: 709.962
No need to chase the trend; it will come to you.
Stand alongside Sister Li, and make every moment count.
#BNB
Tap below to trade 👇
The daily chart is still mixed, so let’s not get carried away with expectations. Keep your position size light. My plan is to wait for a bounce into the resistance zone before considering an entry. First, take half off at the initial target, then protect the rest at breakeven. That way, even if there’s a rebound, we won’t be caught off guard.
🔴 Trade direction: Short
📍 Entry range: 728.444 – 729.366
🛑 Stop loss: 738.376
🎯 Take profit 1: 721.802
🎯 Take profit 2: 717.066
🎯 Take profit 3: 709.962
No need to chase the trend; it will come to you.
Stand alongside Sister Li, and make every moment count.
#BNB
Tap below to trade 👇