BNBUSDT.P: Still Bearish in Short-term | Trading Plan | Aug19💥
🔹 Context
Bias: Short-term bearish, but price is already in demand zone of HTF 4H.
- 4H: change from bullish to neutral, with price reacting in the 4H Demand 597.61–602.90.
- 1H: Still bearish, just continued to print new BOS.
- OI: slightly increase after deleverage by the previous pullback up.
🔹 Liquidity: below are 1H SWL 600.18, 4H SWL 597.61; above are PDH 606.35, 1H SWH 608.33, 1H Supply 610.31–612.39.
🔹 Trading Plans:
🔸 SHORT PLAN
- Setup: Pullback into area of PDH - 1H SWH
- Trigger: Bearish rejection + 15m bearish MSS
- Entry: Retest after the 15m MSS
- SL: Above 15m SWH
- Targets: 600.18 (1H SWL), 597.61 (4H SWL)
- Cancel: Price breaks and holds above 1H SWH, especially with bullish displacement.
🔸 LONG PLAN
- Setup: Sweep & Revert
- Trigger: Price sweep 1H SWL 601.3 + quickly reclaim + 15m bullish MSS
- Entry: Retest after the 15m MSS
- SL: Below sweep
- Targets: 606.35 (PDH) → 608.33 (1H SWH)
- Cancel: 1H closes below 1H SWL and fails to reclaim
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