$BNB The market is still shrouded in uncertainty, so staying calm and reading the charts matters more than rushing to buy the dip. BTC is trading below the moving averages on both the 4-hour and 1-hour charts. The price can't break through that resistance, which shows sellers are still in control. Let's watch the strength of any rebound: if volume doesn't pick up, it's just a fakeout, and a surge is likely to lose steam.
Oversold is oversold, but a low RSI doesn't mean an immediate reversal. Until the trend turns, I'd rather wait for a rebound to the resistance zone and see how the price reacts. The structure hasn't recovered, so the downtrend is still in play. Don't let one bullish candle throw you off.
🔴 Trade direction: Short
📍 Entry range: 614.961 – 616.649
🛑 Stop loss: 638.475
🎯 Take profit 1: 598.803
🎯 Take profit 2: 587.468
🎯 Take profit 3: 570.465
There's no need to chase the trend; the opportunity will come to you.
Stand alongside Sister Li, and let every moment resonate.
#BNB
Click below to trade 👇
Oversold is oversold, but a low RSI doesn't mean an immediate reversal. Until the trend turns, I'd rather wait for a rebound to the resistance zone and see how the price reacts. The structure hasn't recovered, so the downtrend is still in play. Don't let one bullish candle throw you off.
🔴 Trade direction: Short
📍 Entry range: 614.961 – 616.649
🛑 Stop loss: 638.475
🎯 Take profit 1: 598.803
🎯 Take profit 2: 587.468
🎯 Take profit 3: 570.465
There's no need to chase the trend; the opportunity will come to you.
Stand alongside Sister Li, and let every moment resonate.
#BNB
Click below to trade 👇