The EMA Resistance Cluster Is The Key Battle!
🔴 $BNB — SHORT | LEANING SHORT
Trade Plan:
Current Price: ~$713
Entry Zone: $705–$719
SL: $750
TP1: $697.79
TP2: $688.24
TP3: $676.17
BNB is presenting a tactical short opportunity as its previously observed 4H structure remains below EMA20 at $720.10, EMA50 at $731.50 and EMA200 at $743.40. These descending moving averages form an overhead resistance corridor, making the $705–$719 entry zone an important area to monitor for selling pressure. The current price of $713 is inside this zone, while the bearish MACD divergence previously observed on the 15-minute chart suggests that short-term buying momentum may be weakening. A lower high followed by a bearish market structure shift and expanding red volume would strengthen the short thesis. A confirmed breakdown below $697.79 could trigger further downside toward $688.24, with $676.17 as the extended target if sellers maintain control. The broader weekly bullish background remains an opposing factor, so the $750 stop-loss is essential and the setup must be abandoned if price successfully reclaims the resistance structure.
Will BNB reject the EMA cluster and break below $697.79?
Click below for trade 👇
DYOR & manage risk!
$BNB
🔴 $BNB — SHORT | LEANING SHORT
Trade Plan:
Current Price: ~$713
Entry Zone: $705–$719
SL: $750
TP1: $697.79
TP2: $688.24
TP3: $676.17
BNB is presenting a tactical short opportunity as its previously observed 4H structure remains below EMA20 at $720.10, EMA50 at $731.50 and EMA200 at $743.40. These descending moving averages form an overhead resistance corridor, making the $705–$719 entry zone an important area to monitor for selling pressure. The current price of $713 is inside this zone, while the bearish MACD divergence previously observed on the 15-minute chart suggests that short-term buying momentum may be weakening. A lower high followed by a bearish market structure shift and expanding red volume would strengthen the short thesis. A confirmed breakdown below $697.79 could trigger further downside toward $688.24, with $676.17 as the extended target if sellers maintain control. The broader weekly bullish background remains an opposing factor, so the $750 stop-loss is essential and the setup must be abandoned if price successfully reclaims the resistance structure.
Will BNB reject the EMA cluster and break below $697.79?
Click below for trade 👇
DYOR & manage risk!
$BNB
