The ZEC strategy I shared earlier has now successfully taken profit this round. There’s been no increase in buying activity, but signs of divergence have already emerged. $BNB is still below both moving averages on the 4-hour chart, and each rebound has been weaker than the last. I focus on structure, not sentiment: the 1-hour chart is also weakening, with sellers in control. What’s the risk-reward in chasing longs here?
The cluster of moving averages overhead is acting as resistance. The declining volume on rebounds shows a lack of buying support, and the bearish momentum hasn’t run its course. There’s some buying activity in the short term, so keep positions small and stick to the entry range—don’t chase the price.
🔴 Trade direction: Short
📍 Entry range: 719.521 – 720.003
🛑 Stop loss: 725.276
🎯 Take profit 1: 715.627
🎯 Take profit 2: 712.871
🎯 Take profit 3: 708.735
Take in the vastness of mountains and seas; observe the market’s every subtle move.
Trade alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#BNB
Click below to trade 👇
The cluster of moving averages overhead is acting as resistance. The declining volume on rebounds shows a lack of buying support, and the bearish momentum hasn’t run its course. There’s some buying activity in the short term, so keep positions small and stick to the entry range—don’t chase the price.
🔴 Trade direction: Short
📍 Entry range: 719.521 – 720.003
🛑 Stop loss: 725.276
🎯 Take profit 1: 715.627
🎯 Take profit 2: 712.871
🎯 Take profit 3: 708.735
Take in the vastness of mountains and seas; observe the market’s every subtle move.
Trade alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#BNB
Click below to trade 👇