Rejection at the 720 ceiling — the bounce is sellable.
🔴 $BNB - SHORT
Trade Plan:
Current Price: ~706.58
Entry Zone: 710.00 – 720.00
SL: 738.00
TP1: 692.00
TP2: 675.00
TP3: 650.00
BNB rolled back to 706.58 after tagging 723.42, leaving a rejection wick at the 715–723 supply shelf that has capped every rally this week. The 4H EMA20 at 708 is now rolling over as dynamic resistance, and volume profile shows the heaviest node at 705–720 where late breakout buyers are trapped. RSI at 56 shows no strength and OI is not expanding on green candles — a passive bid, not demand. A 4H close above 738 invalidates the rejection thesis.
Fading the 710–720 retest or waiting for 692?
Click below for trade 👇
DYOR & manage risk!
$BNB
🔴 $BNB - SHORT
Trade Plan:
Current Price: ~706.58
Entry Zone: 710.00 – 720.00
SL: 738.00
TP1: 692.00
TP2: 675.00
TP3: 650.00
BNB rolled back to 706.58 after tagging 723.42, leaving a rejection wick at the 715–723 supply shelf that has capped every rally this week. The 4H EMA20 at 708 is now rolling over as dynamic resistance, and volume profile shows the heaviest node at 705–720 where late breakout buyers are trapped. RSI at 56 shows no strength and OI is not expanding on green candles — a passive bid, not demand. A 4H close above 738 invalidates the rejection thesis.
Fading the 710–720 retest or waiting for 692?
Click below for trade 👇
DYOR & manage risk!
$BNB
