I’m watching $BNB for a selling setup here.
$BNB got rejected hard from the $718–$719 area and the 1H structure has been making lower highs since. Price bounced from $688, but so far it still looks more like a relief bounce than a real reversal.
Entry: $695–$700
Targets:
TP1: $692
TP2: $688
TP3: $684
SL: Above $704
For me, $700–$704 is the zone sellers need to defend. As long as BNB stays below it, I’m watching for another leg down. A clean reclaim above $704 would make me drop the short idea.
$BNB got rejected hard from the $718–$719 area and the 1H structure has been making lower highs since. Price bounced from $688, but so far it still looks more like a relief bounce than a real reversal.
Entry: $695–$700
Targets:
TP1: $692
TP2: $688
TP3: $684
SL: Above $704
For me, $700–$704 is the zone sellers need to defend. As long as BNB stays below it, I’m watching for another leg down. A clean reclaim above $704 would make me drop the short idea.
