$BNB The buyers' trap closes at 695 and the trend is bearish
$BNB /USDT — Short 🔴
Trading plan:
Entry: 695.26 – 695.96
Stop loss: 697.1221
Target 1: 693.77
Target 2: 692.4
Target 3: 683.369
Why this setup?
Tight Bollinger Bands (BBW 0.0045) indicate an imminent breakout.
Rising OBV alongside buyers' dominance at 73.57% means a potential long trap.
The long-to-short position ratio of 2.78 increases the risk of a sell squeeze on long positions.
Enter the short trade now to capture profits toward the first target at 693.77. Have you placed the sell order, or will you watch the drop without taking part? 👇
$BNB (Reminder:
This content is not investment advice. Do your own research (DYOR)
$BNB /USDT — Short 🔴
Trading plan:
Entry: 695.26 – 695.96
Stop loss: 697.1221
Target 1: 693.77
Target 2: 692.4
Target 3: 683.369
Why this setup?
Tight Bollinger Bands (BBW 0.0045) indicate an imminent breakout.
Rising OBV alongside buyers' dominance at 73.57% means a potential long trap.
The long-to-short position ratio of 2.78 increases the risk of a sell squeeze on long positions.
Enter the short trade now to capture profits toward the first target at 693.77. Have you placed the sell order, or will you watch the drop without taking part? 👇
$BNB (Reminder:
This content is not investment advice. Do your own research (DYOR)
