BNB is retesting the $697 area after losing the EMA20 on the 4h chart. The 15m candles show signs of increasing selling momentum while RSI is not yet oversold.
$BNB – SHORT
Trade plan:
Entry: $696.78 – $697.80
SL: $702.38
TP1: $688.14
TP2: $683.73
TP3: $678.64
Why this setup?
• The 4h trend is SHORT; EMA20=$706.74, EMA50=$721.73.
• RSI 15m=42.0; RSI 4h=42.6.
• ATR 1h=$3.3907; entry is near the current price, with a 1.8 R:R to TP1.
Debate: If price holds below the 4h EMA20 ($706.74), the path to daily support at $680 is fairly open. Conversely, breaking above $702.38 could trigger a short squeeze toward resistance at $762.20.
Click here to trade 👇
$BNB – SHORT
Trade plan:
Entry: $696.78 – $697.80
SL: $702.38
TP1: $688.14
TP2: $683.73
TP3: $678.64
Why this setup?
• The 4h trend is SHORT; EMA20=$706.74, EMA50=$721.73.
• RSI 15m=42.0; RSI 4h=42.6.
• ATR 1h=$3.3907; entry is near the current price, with a 1.8 R:R to TP1.
Debate: If price holds below the 4h EMA20 ($706.74), the path to daily support at $680 is fairly open. Conversely, breaking above $702.38 could trigger a short squeeze toward resistance at $762.20.
Click here to trade 👇
