The SOL strategy setup shared earlier has played out, and we’ve already made a solid profit this round. Opportunities that look like easy money often hide traps. I’m treating this rebound at $BNB as a chance for the bears to reload. The 4-hour and 1-hour moving averages are all overhead, the trend structure remains intact, and rebound volume hasn’t picked up either—this recovery looks more like a pause in the downtrend.
The price has bounced from its lows, no doubt, but the moving averages are still in a bearish alignment. I’d rather open short positions near the end of the rebound than chase it higher. A bounce after being oversold is a real risk, so just keep your position size small and give your stop-loss enough room.
🔴 Trade direction: Short
📍 Entry range: 631.970 – 633.758
🛑 Stop-loss: 648.762
🎯 Take-profit 1: 620.940
🎯 Take-profit 2: 612.991
🎯 Take-profit 3: 601.067
Take in the vastness of mountains and seas; observe the market’s subtleties.
Walk with Uncle Xiong and witness the market’s gains and losses.
#BNB
Click below to trade 👇
The price has bounced from its lows, no doubt, but the moving averages are still in a bearish alignment. I’d rather open short positions near the end of the rebound than chase it higher. A bounce after being oversold is a real risk, so just keep your position size small and give your stop-loss enough room.
🔴 Trade direction: Short
📍 Entry range: 631.970 – 633.758
🛑 Stop-loss: 648.762
🎯 Take-profit 1: 620.940
🎯 Take-profit 2: 612.991
🎯 Take-profit 3: 601.067
Take in the vastness of mountains and seas; observe the market’s subtleties.
Walk with Uncle Xiong and witness the market’s gains and losses.
#BNB
Click below to trade 👇