BNB is in an area to watch: the reference plan favors a SHORT, while the 15m RSI at 88.8 could cause short-term volatility.
$BNB – SHORT
Trading plan:
Entry: $593.71 – $596.63
SL: $609.79
TP1: $568.86
TP2: $556.20
TP3: $541.58
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $624.90; 4h EMA50: $657.49.
• The 15m RSI is at 88.8; the 4h RSI is at 24.0, so wait for the price reaction at the entry zone.
• The 1h ATR is $9.7436; TP1 offers an R:R of 1.8 from the reference price, excluding fees/slippage.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$BNB
$BNB – SHORT
Trading plan:
Entry: $593.71 – $596.63
SL: $609.79
TP1: $568.86
TP2: $556.20
TP3: $541.58
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $624.90; 4h EMA50: $657.49.
• The 15m RSI is at 88.8; the 4h RSI is at 24.0, so wait for the price reaction at the entry zone.
• The 1h ATR is $9.7436; TP1 offers an R:R of 1.8 from the reference price, excluding fees/slippage.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$BNB
