Easy-money opportunities don’t come from chasing price; you only dare to act after the confirmation is complete. On the 4-hour chart, $BNB is trading below the EMA50 and EMA200, with the moving averages in bearish alignment and momentum clearly pointing down. In this structure, a rebound simply gives the bears a better entry. Price has now returned to the upper edge of a previous consolidation zone, but volume hasn’t picked up, suggesting limited buying support. This rebound looks more like a correction than a reversal.
What I’m watching is whether the structure can confirm a second time below the key level. If that confirmation comes, there’s room for a further drop. Of course, BNB is relatively strong compared with Bitcoin, so keep your position size in check and don’t mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 688.198 – 688.978
🛑 Stop loss: 696.886
🎯 Take profit 1: 682.365
🎯 Take profit 2: 678.216
🎯 Take profit 3: 671.993
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BNB
Click below to trade 👇
What I’m watching is whether the structure can confirm a second time below the key level. If that confirmation comes, there’s room for a further drop. Of course, BNB is relatively strong compared with Bitcoin, so keep your position size in check and don’t mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 688.198 – 688.978
🛑 Stop loss: 696.886
🎯 Take profit 1: 682.365
🎯 Take profit 2: 678.216
🎯 Take profit 3: 671.993
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BNB
Click below to trade 👇