Momentum failed to follow through, while a countertrend structure emerged first. On the 4-hour chart for $BNB , price is trading below both moving averages. Each rebound is weaker than the last, and sellers have maintained their momentum. Chasing shorts here may not feel ideal, but the trend direction is clear and the moving averages are acting as resistance. Any short-term bounce is an opportunity for bears.
Volume on the 15-minute chart has been uneven, but price has yet to reclaim key levels, so the structure remains bearish. Start with a small position; don't mistake a rebound for a reversal. The real move begins when a breakdown accelerates.
🔴 Trade direction: Short
📍 Entry range: 683.516 – 684.576
🛑 Stop loss: 696.197
🎯 Take profit 1: 674.932
🎯 Take profit 2: 668.857
🎯 Take profit 3: 659.743
Gaze upon the vast mountains and seas; observe the market's subtle moves.
Trade alongside Uncle Xiong and witness the ebbs and flows of fortune.
#BNB
Click below to trade 👇
Volume on the 15-minute chart has been uneven, but price has yet to reclaim key levels, so the structure remains bearish. Start with a small position; don't mistake a rebound for a reversal. The real move begins when a breakdown accelerates.
🔴 Trade direction: Short
📍 Entry range: 683.516 – 684.576
🛑 Stop loss: 696.197
🎯 Take profit 1: 674.932
🎯 Take profit 2: 668.857
🎯 Take profit 3: 659.743
Gaze upon the vast mountains and seas; observe the market's subtle moves.
Trade alongside Uncle Xiong and witness the ebbs and flows of fortune.
#BNB
Click below to trade 👇