⚡ 🔴 SHORT $BNB | SCALP M5 10/11 | R:R up to 1:4.3 | Retest complete
BNB has just returned to the old sell zone—a short, straightforward setup.
I'm watching SHORT $BNB on the 5-minute timeframe. The retest is complete: price touched the entry zone, then closed and bounced away. If you're entering, place a limit order within the zone; don't chase the price.
🔹 $BNB | 690.37 USDT | SHORT (expecting the price to fall)
📊 Scalp trade. Reason: this is a bearish Order Block zone on M5, where selling pressure previously pushed the price down. H4 is bearish, M15 is also bearish, and price has retested the entry zone.
🟢 Entry: 690.69 - 691.76
🔴 SL: 693.00 (+0.3%), just above the entry zone
🎯 TP1: 685.16 (-0.9%) | R:R 1:3.4
🎯 TP2: 683.61 (-1.1%) | R:R 1:4.3
⏰ Valid until: 14:12 10/11 (UTC+7)
✅ Filtered: trade is in the direction of the main H4 trend; the latest H1/H4/D1 candles show no strong momentum in the opposite direction.
⚠️ This trade goes against the D1 trend, so use a small position size only.
🔗 90-day comparison with BTC: correlation 0.76, beta 0.7; BNB tracks BTC fairly closely. So remember to check BTC before placing your trade.
❌ CANCEL THE TRADE IF
- Price reaches TP1 685.16 before the limit order in the entry zone is filled. At that point, the opportunity has passed.
- Price reaches SL 693.00.
- It is past 14:12 10/11 and the order still hasn't been filled.
🛡 RISK MANAGEMENT
For example, with an account of 1,000 USDT and a risk tolerance of 0.5% = 5 USDT. The SL is 0.26% from the midpoint of the zone, so the position value would be about 1,944 USDT, excluding fees and slippage. Don't use high leverage; holding on to a scalp trade can get you liquidated quickly.
Posted at 12:12 10/11 (UTC+7). This is a conditional plan, not backtested against historical data, and not investment advice.
📰 Axion News | @axioncryptonews
💬 Which coin are you watching today? Leave a comment for everyone to consider. If you found this post helpful, please like and share 👍
#BNB #Scalping #Layer1 #BNBChain #AxionNews
BNB has just returned to the old sell zone—a short, straightforward setup.
I'm watching SHORT $BNB on the 5-minute timeframe. The retest is complete: price touched the entry zone, then closed and bounced away. If you're entering, place a limit order within the zone; don't chase the price.
🔹 $BNB | 690.37 USDT | SHORT (expecting the price to fall)
📊 Scalp trade. Reason: this is a bearish Order Block zone on M5, where selling pressure previously pushed the price down. H4 is bearish, M15 is also bearish, and price has retested the entry zone.
🟢 Entry: 690.69 - 691.76
🔴 SL: 693.00 (+0.3%), just above the entry zone
🎯 TP1: 685.16 (-0.9%) | R:R 1:3.4
🎯 TP2: 683.61 (-1.1%) | R:R 1:4.3
⏰ Valid until: 14:12 10/11 (UTC+7)
✅ Filtered: trade is in the direction of the main H4 trend; the latest H1/H4/D1 candles show no strong momentum in the opposite direction.
⚠️ This trade goes against the D1 trend, so use a small position size only.
🔗 90-day comparison with BTC: correlation 0.76, beta 0.7; BNB tracks BTC fairly closely. So remember to check BTC before placing your trade.
❌ CANCEL THE TRADE IF
- Price reaches TP1 685.16 before the limit order in the entry zone is filled. At that point, the opportunity has passed.
- Price reaches SL 693.00.
- It is past 14:12 10/11 and the order still hasn't been filled.
🛡 RISK MANAGEMENT
For example, with an account of 1,000 USDT and a risk tolerance of 0.5% = 5 USDT. The SL is 0.26% from the midpoint of the zone, so the position value would be about 1,944 USDT, excluding fees and slippage. Don't use high leverage; holding on to a scalp trade can get you liquidated quickly.
Posted at 12:12 10/11 (UTC+7). This is a conditional plan, not backtested against historical data, and not investment advice.
📰 Axion News | @axioncryptonews
💬 Which coin are you watching today? Leave a comment for everyone to consider. If you found this post helpful, please like and share 👍
#BNB #Scalping #Layer1 #BNBChain #AxionNews
