BNB is retesting the 4h EMA20 area (~$713.35) after a slight rally, with sell signals emerging as the 15m RSI has moved out of overbought territory.
$BNB – SHORT
Trading plan:
Entry: $711.43 – $712.33
SL: $716.40
TP1: $703.74
TP2: $699.82
TP3: $695.30
Why this setup?
• The 4h trend is SHORT; EMA20=$713.35, EMA50=$726.62.
• RSI 15m=40.4; RSI 4h=59.7.
• ATR 1h=$3.0143; entry is near the current price, with a 1.8 R:R at TP1.
Discussion:
If the daily resistance at $762.20 holds, the path to support at $680 remains open; however, a breakout above $716.40 could push the price to retest the EMA50, triggering the SL before the decline continues.
Click here to trade 👇
$BNB – SHORT
Trading plan:
Entry: $711.43 – $712.33
SL: $716.40
TP1: $703.74
TP2: $699.82
TP3: $695.30
Why this setup?
• The 4h trend is SHORT; EMA20=$713.35, EMA50=$726.62.
• RSI 15m=40.4; RSI 4h=59.7.
• ATR 1h=$3.0143; entry is near the current price, with a 1.8 R:R at TP1.
Discussion:
If the daily resistance at $762.20 holds, the path to support at $680 remains open; however, a breakout above $716.40 could push the price to retest the EMA50, triggering the SL before the decline continues.
Click here to trade 👇
