BNB is still holding within its daily range, while the swing trend is bearish.
🔴 SHORT $BNB /USDT: expecting the price to FALL
Bias: SHORT · Leaning bearish
Entry: 728.833 – 729.487
TP1: 724.108 (-0.7%)
TP2: 720.740 (-1.2%)
TP3: 715.688 (-1.8%)
SL: 735.896 (+0.9%)
Plan: only enter within this zone, take 50% profit at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry point after TP1.
Note: confidence is only moderate, so keep your position size small.
Why SHORT? 2/12 signals agree, with 1 signal pointing the other way.
• The 4h trend is bearish (price is below EMA50 and EMA200)
• BTC is falling, and this coin often moves with it (correlation 0.78)
Risk: Stronger than BTC (+1.35% over 24h versus BTC)
Why I find this setup attractive:
The 4h trend shows that the price is below EMA50 and EMA200, respectively, indicating a bearish swing trend. BTC is falling, with a correlation of 0.78, so BNB tends to follow. The daily trend is still moving sideways within a range, so we’ll wait for the price to break below the range and use the 1h price level of 729.160 as a reference.
Where would you place the invalidation level to protect this short position?
The price levels are marked on the chart below.
🔴 SHORT $BNB /USDT: expecting the price to FALL
Bias: SHORT · Leaning bearish
Entry: 728.833 – 729.487
TP1: 724.108 (-0.7%)
TP2: 720.740 (-1.2%)
TP3: 715.688 (-1.8%)
SL: 735.896 (+0.9%)
Plan: only enter within this zone, take 50% profit at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry point after TP1.
Note: confidence is only moderate, so keep your position size small.
Why SHORT? 2/12 signals agree, with 1 signal pointing the other way.
• The 4h trend is bearish (price is below EMA50 and EMA200)
• BTC is falling, and this coin often moves with it (correlation 0.78)
Risk: Stronger than BTC (+1.35% over 24h versus BTC)
Why I find this setup attractive:
The 4h trend shows that the price is below EMA50 and EMA200, respectively, indicating a bearish swing trend. BTC is falling, with a correlation of 0.78, so BNB tends to follow. The daily trend is still moving sideways within a range, so we’ll wait for the price to break below the range and use the 1h price level of 729.160 as a reference.
Where would you place the invalidation level to protect this short position?
The price levels are marked on the chart below.