Before the move takes off, watch out for traps. I’m more inclined to treat this rebound in $BNB as a bull trap. The four-hour moving averages are still bearishly aligned, and the price can’t even get above the moving-average band, which shows that buyers haven’t regained control.
Let’s look at volume: each rebound is weaker than the last, so anyone chasing the move could easily get caught out. The structure below the key level is weak. I think the rebound is likely to fail, with a pullback being the main trend. Manage your risk and don’t rush to buy the dip.
🔴 Trade direction: Short
📍 Entry range: 656.011 – 657.524
🛑 Stop loss: 674.100
🎯 Take profit 1: 643.768
🎯 Take profit 2: 635.102
🎯 Take profit 3: 622.103
There’s no need to chase the prevailing trend; it will come to you in time.
Stand alongside Sister Li, and let every moment leave an echo.
#BNB
Click below to trade 👇
Let’s look at volume: each rebound is weaker than the last, so anyone chasing the move could easily get caught out. The structure below the key level is weak. I think the rebound is likely to fail, with a pullback being the main trend. Manage your risk and don’t rush to buy the dip.
🔴 Trade direction: Short
📍 Entry range: 656.011 – 657.524
🛑 Stop loss: 674.100
🎯 Take profit 1: 643.768
🎯 Take profit 2: 635.102
🎯 Take profit 3: 622.103
There’s no need to chase the prevailing trend; it will come to you in time.
Stand alongside Sister Li, and let every moment leave an echo.
#BNB
Click below to trade 👇