🚨 $BNC UP +43%! OVERHEATED OR NEXT LEG UP? 📉
​$BNC shot up to a peak of 6.796, but the massive upper wick on the 4H chart shows strong selling pressure as price consolidates around 5.474.
​⚠️ Technical Warnings:
​Extreme Overbought RSI: The 4H RSI(6) is at an extreme 86.18, while 1H RSI is holding high at 70.45—historically a strong signal for a sharp pullback.
​Massive Wick Rejection: Price got rejected hard from 6.796, leaving heavy overhead resistance.
​Volume Exhaustion: Buying volume is starting to drop compared to the initial breakout candle, showing buyer fatigue.
​🎯 Short Setup Scenario (Trade Plan):
​Entry Zone: 5.55 – 5.80 (On minor rejection bounce)
​Target 1 (TP1): 5.01 (1H MA7 / 4H EMA7 Dynamic Support)
​Target 2 (TP2): 4.30 (4H EMA25 Major Support Base)
​Stop Loss (SL): 6.15 (Above local swing resistance)

What’s your plan for $BNC?