BNB is in an area to watch: the reference plan leans SHORT, while the 15m RSI at 57.6 could cause short-term volatility.
$BNB – SHORT
Trading plan:
Entry: $695.88 – $696.28
SL: $698.10
TP1: $692.45
TP2: $690.70
TP3: $688.68
Why this setup?
• Price and the 4h EMA20/50 agree with this direction. 4h EMA20: $697.28; 4h EMA50: $702.44.
• The 15m RSI is at 57.6; the 4h RSI is at 63.9, so wait for the price reaction in the entry area.
• The 1h ATR is $1.3450; TP1 has an R:R of 1.8 from the reference price, excluding fees/slippage.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL area before continuing?
Click here to trade 👇
$BNB
$BNB – SHORT
Trading plan:
Entry: $695.88 – $696.28
SL: $698.10
TP1: $692.45
TP2: $690.70
TP3: $688.68
Why this setup?
• Price and the 4h EMA20/50 agree with this direction. 4h EMA20: $697.28; 4h EMA50: $702.44.
• The 15m RSI is at 57.6; the 4h RSI is at 63.9, so wait for the price reaction in the entry area.
• The 1h ATR is $1.3450; TP1 has an R:R of 1.8 from the reference price, excluding fees/slippage.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL area before continuing?
Click here to trade 👇
$BNB
