Is BNB set for one more leg down?

๐Ÿ”ด SHORT $BNB /USDT: expecting price to go DOWN
Bias: SHORT ยท Strong

Entry: 713.234 โ€“ 713.946
TP1: 706.349 (-1.0%)
TP2: 701.521 (-1.7%)
TP3: 694.279 (-2.7%)
SL: 723.245 (+1.4%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? 9/12 signals agree, 1 against.
โ€ข 4h trend down (below EMA50 & EMA200)
โ€ข 1h trend down (below EMA50 & EMA200)
โ€ข Sellers are driving the move (15m ADX 34.3)
Risk: Far below its average, bounce likely (โˆ’4.1 ATR from 1h EMA50)

Q: Why short when the 1h trend is already down?
A: The 1h price sits below both EMAs, confirming a bearish stack.

Q: What if the price bounces from here?
A: The setup is 4.1 ATR from the 1h EMA, a typical overextension level.

Where is your invalidation level for this trade?

Levels mapped on the chart below.

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โš ๏ธ Personal market analysis only. NFA โ€” manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.